Stocks Hitting 52-Week Lows


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.


 

  • Schmitt Industries, Inc. (NASDAQ: SMIT) shares fell 9 percent to touch a new 52-week low of $1.42. Schmitt Industries shares have dropped 42.44 percent over the past 52 weeks, while the S&P 500 index has gained 11.95 percent in the same period.
  • ITT Educational Services, Inc. (NYSE: ESI) shares touched a new 52-week low of $0.59 amid news that the U.S. Department of Education will have increased oversight for the company.
  • Wipro Limited (ADR) (NYSE: WIT) shares touched a new 52-week low of $10.378. Wipro shares have dropped 10.35 percent over the past 52 weeks, while the S&P 500 index has climbed 11.95 percent in the same period.
  • Sphere 3D Corp. (NASDAQ: ANY) shares reached a new 52-week low of $0.62. Sphere 3D shares have declined 76.38 percent over the past 52 weeks, while the S&P 500 index has gained 11.95 percent in the same period.

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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Posted In: NewsMovers & ShakersIntraday UpdateMarkets52 Week Lows52-Week Lows