27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
JPMorgan Analyst Christopher Horver released his Horvers' Housing Monitor Report earlier Thursday. Through five different categories, Horvers breaks down 19 different indicators to gauge the strength and stability of the housing market. He believes the outlook will remain strong for Lowe's Companies Inc (NYSE: LOW) and Home Depot Inc (NYSE: HD) from his research.
After two months of declining home sales price, March saw a 5 percent sequential increase. Horvers notes that historical trends indicate housing growth is strongest during Spring and should continue this year. Home Depot and Lowe's should see a continued supporting backdrop from housing turnover, coupled with solid home pricing.
Another housing statistic supporting continued strength in homebuilders is the 5.5 percent sequential increase in existing home sales. Horvers is encouraged by labor markets and improving credit landscape, as optimism for existing home sales to rebound from its 7.2 percent drop in February.
Finalizing his report, Horver believes housing remains an encouraging area in the U.S. economy and potential exists for Q1.
Home Depot and Lowe's both traded relatively flat in Thursday's session at $134.27 and $75.40, respectively.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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