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 Monday, the Dow traded up 1.95 percent to 18,237.83 while the NASDAQ climbed 2.35 percent to 5,164.77. The S&P also rose, gaining 2.10 percent to 2,128.93.
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
Monday afternoon, technology shares gained by 2.43 percent. Meanwhile, top gainers in the sector included Datalink Corporation (NASDAQ: DTLK), and Sothebys (NYSE: BID).
In trading on Monday, telecommunications services shares rose by just 0.9 percent. Meanwhile, top losers in the sector included Shenandoah Telecommunications Company (NASDAQ: SHEN), down 9 percent, and Internet Initiative Japan Inc. (ADR) (NASDAQ: IIJI), down 7 percent.
Top Headline
LendingClub Corp (NYSE: LC) reported a smaller loss than analysts estimated for the third quarter. Similarly, revenue also came in above the estimates.
The company reported adjusted loss of $0.04 a share, exceeding expectations by $0.03 per share. Its revenue came in at $112.6 million, beating estimates by $9.29 million.
Equities Trading UP
Blue Nile Inc (NASDAQ: NILE) shares shot up 34 percent to $40.73 after the company disclosed a deal with Bain Capital Private Equity and Bow Street LLC for $40.75 a share in cash.
Shares of Datalink Corporation (NASDAQ: DTLK) got a boost, shooting up 18 percent to $11.13 after Insight Enterprises, Inc. (NASDAQ: NSIT) announced plans to acquire Datalink for $11.25 per share in cash.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Medallion Financial Corp (NASDAQ: MFIN) shares were also up, gaining 27 percent to $4.13 following Q3 results. Medallion Financial reported Q3 earnings of $5 million on revenue of $2 million.
Equities Trading DOWN
Concordia International Corp (NASDAQ: CXRX) shares dropped 38 percent to $1.99 after the company reported downbeat results for its third quarter. Concordia also disclosed that it is suspending its guidance.
Shares of HSN, Inc. (NASDAQ: HSNI) were down 10 percent to $32.45 after the company posted weaker-than-expected Q3 earnings.
Plug Power Inc (NASDAQ: PLUG) was down, falling around 10 percent to $1.27 as the company posted a wider-than-expected Q3 loss.
Commodities
In commodity news, oil traded up 1.07 percent to $44.54 while gold traded down 1.83 percent to $1,280.60.
Silver traded down 1.04 percent Monday to $18.18, while copper rose 2.10 percent to $2.31.
Eurozone
European shares closed higher today. The eurozone’s STOXX 600 climbed 1.53 percent, the Spanish Ibex Index rose 1.45 percent, while Italy’s FTSE MIB Index surged 2.56 percent. Meanwhile the German DAX climbed 1.93 percent, and the French CAC 40 rose 1.91 percent while U.K. shares rose 1.70 percent.
Economics
Data on consumer credit for September will be released at 3:00 p.m. ET.
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.