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 0.08 percent to 18,588.73, while the NASDAQ composite index gained 0.21 percent to 5,239.43. The broader Standard & Poor's 500 index gained 0.14 percent to 2,185.23.
The worst performing industries in the market today are:
- Communication Equipment: This industry slipped 0.8 percent by 11:00 am. The worst stock within the industry was Communications Systems, Inc. (NASDAQ: JCS), which fell 8 percent. Communications Systems has declared a quarterly dividend of $0.04 per share and increased its line of credit from $10 million to $15 million.
- Residential Construction: This industry declined 0.6 percent by 11:00 am with New Home Company Inc (NASDAQ: NWHM) moving down 0.5 percent. New Home Company shares have declined 34.51 percent over the past 52 weeks, while the S&P 500 index has gained 4.07 percent in the same period.
- Telecom Services - Domestic: This industry fell 0.6 percent by 11:00 am ET. FairPoint Communications Inc (NASDAQ: FRP) shares dropped 1 percent in today's trading. FairPoint Communications shares have dropped 23.91 percent over the past 52 weeks, while the S&P 500 index has gained 4.07 percent in the same period.
- Toys & Games: The industry dropped 0.5 percent by 11:00 am. The worst performer in this industry was Mattel, Inc. (NASDAQ: MAT), which declined 0.7 percent.
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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