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.
At 10:30 am, the Dow fell 0.10 percent to 18,209.74, the broader Standard & Poor's 500 index moved down 0.18 percent to 2,156.14 and the NASDAQ composite index declined 0.19 percent to 5,295.70.
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 industries that are still afloat in the market today are:
- Electronic Equipment: This industry gained 1 percent by 10:30 am. The top stock within the industry was Apple Inc. (NASDAQ: AAPL), which gained 1 percent. Bank of America Merrill Lynch reiterated a Buy rating on Apple, with a price objective of $125.
- Metal Fabrication: This industry rose 0.8 percent by 10:30 am ET. The top performer in this industry was Ryerson Holding Corp (NYSE: RYI), which gained 5.7 percent. Ryerson’s PEG ratio is 0.13.
- Technical Services: The industry gained 0.7 percent by 10:30 am. The top performer in this industry was Jacobs Engineering Group Inc (NYSE: JEC), which gained 1.8 percent. Jacobs disclosed that it has won a contract for Vastly manufacturing plant in Chesterfield, Virginia.
- Catalog & Mail Order Houses: This industry moved up 0.65 percent by 10:30 am. The top performer in this industry was Amazon.com, Inc. (NASDAQ: AMZN), which rose 1 percent. Nomura initiated coverage of Amazon.com with a Buy rating and $950 price target.