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.
- Stone Energy Corporation (NYSE: SGY) shares dropped 43.7 percent to $5.46 after the company reported a comprehensive restructuring support agreement with senior noteholders and agreed to sell its Appalachia assets.
- Supreme Industries, Inc. (NYSE: STS) shares tumbled 17.5 percent to $14.81. Supreme Industries reported Q3 earnings of $0.29 per share on revenue of $74.8 million.
- Skechers USA Inc (NYSE: SKX) shares declined 17.4 percent to $18.96 after the company reported downbeat results for its third quarter and issued a weak forecast for the fourth quarter.
- Moleculin Biotech Inc (NASDAQ: MBRX) shares dropped 14.8 percent to $3.69 after surging 60.97 percent on Thursday.
- MGP Ingredients Inc (NASDAQ: MGPI) shares declined 14.4 percent to $34.10. MGP Ingredients is estimated to report Q3 results on November 2, 2016.
- First NBC Bank Holding Company (NASDAQ: FNBC) fell 11.9 percent to $7.97. First NBC Bank shares have dropped 74.15 percent over the past 52 weeks, while the S&P 500 index has gained 6.06 percent in the same period.
- Memorial Production Partners LP (NASDAQ: MEMP) dropped 6.4 percent to $1.49. Raymond James downgraded Memorial Production from Market Perform to Underperform.
- Twilio Inc (NYSE: TWLO) shares slipped 6.3 percent to $41.38. Twilio priced its 7 million share offering at $40.00 per share.
- Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) shares declined 6.1 percent to $5.05 following quarterly results. Ericsson's operating profit declined to 0.3 billion Swedish crowns ($33.7 million), versus 5.1 billion crowns in the year-ago quarter. Sales fell 14 percent to 51.1 billion in the quarter.
- Advanced Micro Devices, Inc. (NASDAQ: AMD) shares fell 5.7 percent to $6.57. AMD posted better-than-expected results for its third quarter. However, the company issued disappointing revenue guidance for the current quarter.
- Gastar Exploration Inc (NYSE: GST) declined 5 percent to $1.32. FBR Capital downgraded Gastar Exploration from Outperform to Market Perform.
- Moody's Corporation (NYSE: MCO) shares dropped 4.3 percent to $103.50. Moody's posted better-than-expected Q3 results and raised its FY16 earnings outlook. The company disclosed that it has received a letter from the Department of Justice on September 29 stating civil complaint will be filed against the company.
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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