27% profit every 20 days?
This is what Nic Chahine averages with his option 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.
The Dow rose 0.04 percent to 18,481.20, while the NASDAQ composite index rose 0.43 percent to 5,132.17. The broader Standard & Poor's 500 index slipped 0.15 percent to 2,166.03.
27% profit every 20 days?
This is what Nic Chahine averages with his option 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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The worst performing industries in the market today are:
- Textile - Apparel Clothing: This industry slipped 2.4 percent by 11:00 am. The worst stock within the industry was Carter's, Inc. (NYSE: CRI), which fell 8.3 percent. Carter's posted Q2 earnings of $0.72 per share on revenue of $639 million.
- REIT - Residential: This industry declined 1.4 percent by 11:00 am with Equity Residential (NYSE: EQR) moving down 4.9 percent. Equity Residential reported Q2 funds from operations of $0.76 per share. Equity Residential also narrowed its FFO forecast for FY16.
- Movie Production, Theaters: This industry fell 1.3 percent by 11:00 am ET. Cinemark Holdings, Inc. (NYSE: CNK) shares dropped 3 percent in today's trading. Cinemark shares have declined 1.11 percent over the past 52 weeks, while the S&P 500 index has gained 4.91 percent in the same period.
- Cigarettes: The industry dropped 1.3 percent by 11:00 am. The worst performer in this industry was Altria Group Inc (NYSE: MO), which declined 2 percent. Altria reported Q2 adjusted earnings of $0.81 per share and raised its FY16 earnings outlook.