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 higher in early pre-market trade. Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc (NASDAQ: GOOGL) will report eranings after the closing bell. Data on durable goods orders for September and initial jobless claims for the latest week will be released at 8:30 a.m. ET. The pending home sales index for September is schedule for release at 10:00 a.m. ET, while the Kansas City Fed manufacturing index for October will be released at 11:00 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 26 points to 18,154.00, while the Standard & Poor’s 500 index futures gained 5 points to 2,139.00. Futures for the Nasdaq 100 index rose 11.50 points to 4,865.25.
Oil prices traded higher as Brent crude futures gained 0.80 percent to trade at $50.38 per barrel, while US WTI crude futures also rose 0.47 percent to trade at $49.41 a barrel. The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
A Peek Into Global Markets
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European markets were lower today, with the Spanish Ibex Index dropping 0.34 percent, STOXX Europe 600 Index falling 0.08 percent and German DAX 30 index dropping 0.02 percent. The UK's FTSE index was trading lower by 0.01 percent, while French CAC 40 Index fell 0.21 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.32 percent, Hong Kong’s Hang Seng Index declined 0.83 percent, China’s Shanghai Composite Index slipped 0.13 percent and India’s BSE Sensex rose 0.29 percent.
Broker Recommendation
Analysts at Roth Capital upgraded GrubHub Inc (NYSE: GRUB) from Neutral to Buy.
GrubHub shares fell 12.7 percent to $37.88 in pre-market trading.
Breaking news
- Shares of Twitter Inc (NYSE: TWTR) were trading higher by more than 5 percent early Thursday morning after the company reported its third quarter results. Twitter earned $0.13 per share on revenue of $616 million. Wall Street analysts were expecting the company to earn $0.09 per share on revenue of $605.8 million. To read the full news, click here.
- Ford Motor Company (NYSE: F) delivered better than expected EPS and revenue for the third quarter. To read the full news, click here.
- Bristol-Myers Squibb Co (NYSE: BMY) delivered better than expected results for the third quarter. The company boosted its EPS outlook for the year 2016 and initiated guidance for 2017. To read the full news, click here.
- QUALCOMM Inc. (NASDAQ: QCOM) disclosed its agreement to buy NXP Semiconductors N.V. (NASDAQ: NXPI) for $110 a share in cash translating into a total enterprise value of about $47 billion. The transaction is predicted to close before the current year ends. To read the full news, click here.
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.