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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U.S. stock futures traded lower in early pre-market trade. Data on personal income and consumer spending for August will be released at 8:30 a.m. ET, while the Chicago PMI for September is scheduled for release at 9:45 a.m. ET. The University of Michigan's consumer sentiment index for September is schedule for release at 10:00 a.m. ET. Dallas Federal Reserve President Rob Kaplan is set to speak in Dallas at 1:00 p.m. ET.
Futures for the Dow Jones Industrial Average dropped 23 points to 18,074.00, while the Standard & Poor’s 500 index futures slipped 1.75 points to 2,146.75. Futures for the Nasdaq 100 index fell 6 points to 4,838.25.
Oil prices traded lower as Brent crude futures declined 1 percent to trade at $48.75 per barrel, while US WTI crude futures also fell 0.38 percent to trade at $47.65 a barrel. The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
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European markets were lower today, with the Spanish Ibex Index falling 1.94 percent, STOXX Europe 600 Index declining 0.95 percent and German DAX 30 index dropping 1.07 percent. The UK's FTSE index was trading lower by 0.80 percent, while French CAC 40 Index fell 1.44 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 1.46 percent, Hong Kong’s Hang Seng Index declined 1.86 percent, China’s Shanghai Composite Index gained 0.21 percent and India’s BSE Sensex rose 0.14 percent.
Broker Recommendation
Analysts at Mizuho Securities upgraded QUALCOMM, Inc. (NASDAQ: QCOM) from Neutral to Buy.
Qualcomm shares rose 0.79 percent to $67.98 in pre-market trading.
Breaking news
- McCormick & Company, Incorporated (NYSE: MKC) delivered better than expected EPS and inline revenue for the third quarter. The company boosted its full year adjusted EPS forecast and sees revenue at the upper end of earlier forecast. To read the full news, click here.
- Costco Wholesale Corporation (NASDAQ: COST) reported stronger-than-expected earnings for its fourth quarter on Thursday.
- It hasn't been a full month since Apple Inc. (NASDAQ: AAPL) started selling its new iPhone 7 and iPhone 7 Plus, yet iPhone 8 speculations and rumors are now making their rounds. According to a Bloomberg report, Apple is in talks with Sharp, who may be tasked with displaying organic LED displays for future iPhone devices. To read the full news, click here.
- CalAmp Corp. (NASDAQ: CAMP) reported in-line earnings for the second quarter, but sales missed expectations. The company also issued disappointing guidance for the third quarter.
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.