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 fell 0.52 percent to 18,308.29, while the NASDAQ composite index declined 0.89 percent to 5,137.85. The broader Standard & Poor's 500 index slipped 0.73 percent to 2,154.98.
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:
- Office Supplies: This industry slipped 2.8 percent by 11:00 am. The worst stock within the industry was ACCO Brands Corporation (NYSE: ACCO), which fell 7.9 percent. ACCO Brands posted better-than-expected Q2 results.
- Regional Airlines: This industry declined 2.7 percent by 11:00 am with JetBlue Airways Corporation (NASDAQ: JBLU) moving down 5.4 percent. JetBlue shares have dropped 22.85 percent over the past 52 weeks, while the S&P 500 index has gained 3.47 percent in the same period.
- Industrial Electrical Equipment: This industry fell 2.4 percent by 11:00 am ET. Pioneer Power Solutions, Inc. (NASDAQ: PPSI) shares dropped 12.7 percent in today's trading. Pioneer Power Solutions is expected to announce Q2 financial results on August 11, 2016.
- Auto Parts Wholesale: The industry dropped 2 percent by 11:00 am. The worst performer in this industry was Magna International Inc. (USA) (NYSE: MGA), which declined 3.2 percent. Magna is expected to announce its Q2 financial results on August 5, 2016.