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.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade. Futures for the Dow Jones Industrial Average fell 43 points to 18,522.00, while the Standard & Poor’s 500 index futures declined 5.25 points to 2,178.25. Futures for the Nasdaq 100 index slipped 12.50 points to 4,796.00.
Oil prices traded lower as Brent crude futures declined 0.28 percent to trade at $50.75 per barrel, while US WTI crude futures also fell 0.15 percent to trade at $48.15 a barrel.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 1.07 percent, STOXX Europe 600 Index declining 0.50 percent and German DAX 30 index dropping 0.42 percent. The UK's FTSE index was trading lower by 0.14 percent, while French CAC 40 Index declined 0.65 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.36 percent, Hong Kong’s Hang Seng Index declined 0.37 percent, China’s Shanghai Composite Index gained 0.13 percent and India’s BSE Sensex fell 0.17 percent.
Broker Recommendation
Analysts at Longbow Research downgraded Buffalo Wild Wings (NASDAQ: BWLD) from Neutral to Underperform.
Buffalo Wild Wings shares fell 0.98 percent to $166.30 in pre-market trading.
Breaking news
- Foot Locker, Inc. (NYSE: FL) delivered higher-than-expected results for the second quarter sending the stock higher in the pre-market trading. To read the full news, click here.
- Applied Materials, Inc. (NASDAQ: AMAT) reported upbeat earnings for its fiscal third quarter and issued a strong earnings forecast for the current quarter. To read the full news, click here.
- Investors of Deere & Company (NYSE: DE) were pleasantly surprised when the company not only reported better-than-expected EPS and revenue for the third quarter, but also boosted revenue forecast for the full year. To read the full news, click here.
- The Buckle, Inc. (NYSE: BKE) reported lower than expected EPS and sales for the second quarter.To read the full news, click here.
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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