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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Macro Focus
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Futures for the Dow Jones Industrial Average dropped 13 points to 18,287.00, while the Standard & Poor’s 500 index futures declined 2.25 points to 2,166.00. Futures for the Nasdaq 100 index fell 5 points to 4,881.25.
Oil prices traded higher as Brent crude futures gained 0.92 percent to trade at $48.09 per barrel, while US WTI crude futures also rose 0.17 percent to trade at $46.40 a barrel.
- The manufacturing PMI for September will be released at 9:45 a.m. ET.
- Philadelphia's Patrick Harker is set to speak in Philadelphia at 12:00 p.m. ET.
- Regional Fed presidents - Philadelphia's Patrick Harker, Atlanta's Dennis Lockhart and Cleveland's Loretta Mester - will speak in Philadelphia at 12:20 p.m. ET.
- Dallas Federal Reserve Bank President Robert Kaplan is set to speak in Houston at 12:30 p.m. ET.
- The Baker Hughes North American rig count for the recent week is schedule for release at 1:00 p.m. ET.
BZ News Desk Focus
AAR (NYSE: AIR) Reports Q1 EPS $0.29 vs. Est. $0.26, Rev. $404.8m vs. Est. $398M
Finish Line (NASDAQ: FINL) Reports Q2 EPS $0.53 vs. Est. $0.53, Rev. $509.4M vs. Est. $495M
Sell-Side Themes
Barlcays initiated coverage on the dollar store sector, all with Equal-Weight ratings.
Sell-Side's Most Noteworthy Calls
RBC downgraded Twitter (NYSE: TWTR) to Underperform.
RBC downgraded Yum Brands (NYSE: YUM) to Outperform.
Barclays upgraded Wal-Mart (NYSE: WMT) to Overweight.
Credit Suisse upgraded Transocean (NYSE: RIG) to Neutral.
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Deal Talk
Imperva (NYSE: IMPV) was up almost 13 percent, helped by rumors about International Business Machines (NYSE: IBM) and Cisco Systems (NASDAQ: CSCO) might be interested in acquiring the company.
Vanda (NASDAQ: VNDA) shares spiked higher after Reuters reported the company is in talks with investment banks to hire Financial adviser to explore options.
CNBC, citing sources, said Twitter is moving closer to a sale, has received interest from Google (NASDAQ: GOOG) and Salesforce (NYSE: CRM).
In The News
Major advertisers and marketers are "upset" with Facebook (NASDAQ: FB) after the social media company disclosed it vastly overestimated the average viewing time for video ads on its platform. Publicis Groupe, an ad buying agency that has spent roughly $77 billion in ads on behalf of marketers throughout 2015, was told by Facebook in late August that it may have overestimated average time spent watching videos by between 60 and 80 percent.
Prosecutors in Tulsa, Oklahoma, filed first-degree manslaughter charges against the Police Officer Betty Shelby who fatally shot an unarmed black man on a city street.
Yahoo (NASDAQ: YHOO) said that at least 500 million of its accounts were hacked in 2014 by what it believed was a state-sponsored actor, a theft that appeared to be the world's biggest known cyber breach.
Blogosphere
"A phone company disclosing a $7 billion equity investment in a country just as its government gets ready to sell expensive spectrum is one of those clever tricks John Nash would have approved of."
Trending
FB TWTR SGYP SAEX PSEC FINL GOOGL IMPV TASR USO TWLO PRO YHOO
#DrunkerHistory will take you on a humorous lookback on how a few more beers or glasses of wine could have changed things...
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.