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.
- DryShips Inc. (NASDAQ: DRYS) shares dipped 67.7 percent to $23.56. DryShips announced a registered direct offering to raise roughly $20 million. The company says the cash will be used to pay down some of its massive debt load. In addition to the $20 million, the company says it may receive up to an additional $80 million if all preferred warrants associated with the offering are exercised.
- Globus Maritime Ltd (NASDAQ: GLBS) shares tumbled 43.8 percent to $8.00 after jumping 188.06 percent on Wednesday.
- Diana Containerships Inc (NASDAQ: DCIX) shares dropped 39 percent to $7.90 after gaining 109.45 percent on Wednesday.
- Euroseas Ltd. (NASDAQ: ESEA) shares fell 36.9 percent to $3.06 after gaining 11.24 percent on Wednesday.
- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) dropped 34.7 percent to $4.70.
- Lucas Energy, Inc. (NYSE: LEI) shares fell 23.7 percent to $1.45 after announcing an offering of up to 6 million shares by selling shareholder.
- Eagle Bulk Shipping Inc (NASDAQ: EGLE) shares declined 22.6 percent to $7.11.
- Stein Mart, Inc. (NASDAQ: SMRT) dropped 20 percent to $5.45 after the company reported weak results for its third quarter.
- Genco Shipping & Trading Limited (NYSE: GNK) shares declined 19.5 percent to $9.30.
- TOP SHIPS Inc (NASDAQ: TOPS) shares fell 19.7 percent to $4.89 after jumping 12.99 percent on Wednesday.
- Sanchez Production Partners LP (NYSE: SPP) declined 17.6 percent to $10.90. Sanchez Production Partners priced its 6.55M share offering at $11 per share.
- Stage Stores Inc (NYSE: SSI) shares dropped 16.2 percent to $4.86 as the company reported a wider-than-expected Q3 loss and issued a weak earnings forecast for the current quarter.
- Crown Crafts, Inc. (NASDAQ: CRWS) shares fell 7.2 percent to $8.75. Wunderlich downgraded Crown Crafts from Buy to Hold.
- Performance Food Group Co (NYSE: PFGC) dropped 5.2 percent to $22.80. Performance Food Group priced secondary offering of 10 million shares at $22.85 per share.
- First Solar, Inc. (NASDAQ: FSLR) shares fell 5.1 percent to $31.15 after the company announced plans to cut 27 percent of its global workforce and issued a weak sales forecast for 2017. However, the company raised its adjusted profit guidance for 2016.
- Cisco Systems, Inc. (NASDAQ: CSCO) shares declined 5.1 percent to $29.97. Cisco reported upbeat earnings for its fiscal first quarter, but issued a weak outlook for the current quarter.
- Ellie Mae Inc (NYSE: ELLI) shares dropped 4.6 percent to $82.51. RBC Capital downgraded Ellie Mae from Outperform to Sector Perform.
- Wal-Mart Stores, Inc. (NYSE: WMT) fell 3.9 percent to $68.61 after the company reported third quarter results. Wal-Mart said it earned $0.98 per share in the quarter on revenue of $117.2 billion. Analysts were expecting the company to earn $0.96 per share on revenue of $118.7 billion.
- SunPower Corporation (NASDAQ: SPWR) shares fell 3.5 percent to $6.91 following guidance from First Solar. Baird downgraded SunPower from Outperform to Neutral and lowered the price target from $12.00 to $7.00.
- Planet Fitness Inc (NYSE: PLNT) shares fell 2.8 percent to $23.45. Planet Fitness reported a secondary offering of 15 million shares via selling holders.
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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