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.
Toward the end of trading Friday, the Dow traded up 0.10 percent to 18,187.13 while the NASDAQ declined 0.41 percent to 5,194.78. The S&P also fell, dropping 0.20 percent to 2,128.74.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Leading and Lagging Sectors
Friday afternoon, industrials shares gained by 0.51 percent. Meanwhile, top gainers in the sector included Chicago Bridge & Iron Company N.V. (NYSE: CBI), and Granite Construction Inc. (NYSE: GVA).
In trading on Friday, healthcare shares fell by 1.77 percent. Meanwhile, top losers in the sector included McKesson Corporation (NYSE: MCK), down 24 percent, and Novo Nordisk A/S (ADR) (NYSE: NVO), down 13 percent.
Top Headline
Mastercard Inc. (NYSE: MA) delivered better than expected earnings and revenue for the third quarter.
Mastercard reported quarterly EPS of $1.08, beating estimates by $0.10. Its revenue came in at $2.9 billion, topping expectations by $0.15 billion.
Equities Trading UP
Gravity Co., LTD. (ADR) (NASDAQ: GRVY) shares shot up 111 percent to $9.61 after the company reported Q3 results. GRAVITY reported Q3 earnings of $0.74 per share on sales of $13.143 million.
Shares of Virtus Investment Partners Inc (NASDAQ: VRTS) got a boost, shooting up 19 percent to $111.05 following Q3 results. Virtus Investment posted Q3 earnings of $1.64 per share on revenue of $82.3 million.
Integer Holdings Corporation (NYSE: ITGR) shares were also up, gaining 22 percent to $22.08 after the company reported better-than-expected quarterly earnings.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Equities Trading DOWN
Opexa Therapeutics Inc (NASDAQ: OPXA) shares dropped 70 percent to $1.02 after the company disclosed that its top-line results from Phase 2b Abili-T trial evaluating Tcelna did not meet primary endpoint.
Shares of Senomyx Inc. (NASDAQ: SNMX) were down 55 percent to $1.20. SENOMYX reported upbeat Q3 results, but issued a weak forecast for the current quarter.
McKesson Corporation (NYSE: MCK) was down, falling around 24 percent to $122.06 after the company reported downbeat earnings for its second quarter and lowered its FY17 earnings outlook. McKesson also reported a new $4 billion buyback plan.
Commodities
In commodity news, oil traded down 2.1 percent to $48.70 while gold traded up 0.69 percent to $1,278.20.
Silver traded up 1.03 percent Friday to $17.82, while copper rose 1.46 percent to $2.20.
Eurozone
European shares closed mixed today. The eurozone’s STOXX 600 slipped 0.27 percent, the Spanish Ibex Index rose 0.04 percent, while Italy’s FTSE MIB Index dropped 0.59 percent. Meanwhile the German DAX slipped 0.19 percent, and the French CAC 40 gained 0.33 percent while U.K. shares rose 0.14 percent.
Economics
The U.S. economy expanded at an annual pace of 2.9 percent in the third quarter, versus economists’ expectations for a 2.5 percent growth.
The employment cost index increased 0.6 percent for the third quarter.
The University of Michigan's consumer sentiment index slipped to 87.20 in October, versus a prior reading of 87.90. Economists expected a reading of 88.10.
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.