27% profits every 20 days?
This is what Nic Chahine averages with his options 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 0.31 percent to 18,146.26, the broader Standard & Poor's 500 index moved down 0.38 percent to 2,136.08 and the NASDAQ composite index declined 0.45 percent to 5,222.79.
The industries that are still afloat in the market today are:
- Toys & Games: This industry gained 3.4 percent by 10:30 am. The top stock within the industry was Mattel, Inc. (NASDAQ: MAT), which gained 6 percent. Mattel posted stronger-than-expected revenue for its third quarter on Wednesday.
- Small Tools & Accessories: This industry rose 3.3 percent by 10:30 am ET. The top performer in this industry was Snap-on Incorporated (NYSE: SNA), which gained 8 percent. Snap-on posted upbeat earnings for the third quarter.
- Drug Stores: The industry gained 3.2 percent by 10:30 am. The top performer in this industry was Rite Aid Corporation (NYSE: RAD), which gained 6.7 percent. Walgreens Boots Alliance Inc (NASDAQ: WBA) and Rite Aid disclosed that they have agreed to extend their merger date from October 27 current year to January 27, 2017. Both companies are confident in closing the transaction early next year.
- Credit Services: This industry moved up 1 percent by 10:30 am. The top performer in this industry was JetPay Corporation (NASDAQ: JTPY), which rose 10 percent.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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