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.
Following the market opening Friday, the Dow traded up 0.28 percent to 19,136.15 while the NASDAQ climbed 0.12 percent to 5,387.11. The S&P also rose, gaining 0.21 percent to 2,209.42.
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 morning, non-cyclical consumer goods & services shares gained by 1.13 percent.
In trading on Friday, energy shares fell by 0.29 percent. Meanwhile, top losers in the sector included PrimeEnergy Corporation (NASDAQ: PNRG), down 8 percent, and Isramco, Inc. (NASDAQ: ISRL), down 5 percent.
Top Headline
On Wednesday, Ctrip.Com International Ltd (ADR) (NASDAQ: CTRP) announced plans to buy Skyscanner Holdings Ltd in a deal valued at 1.4 billion pounds ($1.74 billion).
Ctrip.Com also reported better-than-expected Q3 results.
Equities Trading UP
Navidea Biopharmaceuticals Inc (NYSE: NAVB) shares shot up 23 percent to $0.990 as the company reported an asset purchase agreement with Cardinal Health Inc (NYSE: CAH) on Wednesday.
Shares of Ctrip.Com International Ltd (ADR) (NASDAQ: CTRP) got a boost, shooting up 10 percent to $45.10 after the company announced plans to buy Skyscanner Holdings Ltd in a deal valued at 1.4 billion pounds ($1.74 billion). Ctrip.Com also reported better-than-expected Q3 results.
TransAlta Corporation (USA) (NYSE: TAC) shares were also up, gaining 24 percent to $5.25 after the company reported an agreement with the Government of Alberta on transition payments.
Wall Street Vet Reveals $9 Options Secret
Tired of tiny stock gains? This 40-year insider is spilling the beans on how to turn small investments into 600% returns. Get his proven options strategy in a FREE webinar.—Register now – seats are limited!
Equities Trading DOWN
Airgain Inc (NASDAQ: AIRG) shares dropped 12 percent to $23.60 after the company reported a proposed primary and secondary offering of $20 million.
Shares of Euroseas Ltd. (NASDAQ: ESEA) were down 9 percent to $2.60. Euroseas shares have dropped 7.17 percent over the past 52 weeks, while the S&P 500 index has gained 5.55 percent in the same period.
Golden Ocean Group Ltd (NASDAQ: GOGL) was down, falling around 9 percent to $3.87.
Commodities
In commodity news, oil traded down 1.50 percent to $47.23 while gold traded down 0.06 percent to $1,191.70.
Silver traded up 0.88 percent Friday to $16.63, while copper rose 1.72 percent to $2.66.
Eurozone
European shares were mixed today. The eurozone’s STOXX 600 gained 0.04 percent, the Spanish Ibex Index fell 0.11 percent, while Italy’s FTSE MIB Index rose 0.06 percent. Meanwhile the German DAX dropped 0.10 percent, and the French CAC 40 fell 0.05 percent while U.K. shares rose 0.28 percent.
Economics
U.S. wholesale inventories declined 0.40 percent, versus economists’ expectations for a 0.30 percent growth.
U.S. trade deficit increased to $61.99 billion in October, from $56.08 billion. Economists projected a deficit of $59.20 billion.
The Markit Services PMI declined to 54.7 in November, versus a reading of 54.8 in October.
Data on money supply for the latest week will be released at 4:30 p.m. ET.
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.