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.
The late Mark Haines famously told Erin Burnett on March 10, 2009 that the market had reached a bottom. That call unofficially marked the beginning of the market's bull run, and became known as the "Hanes Bottom." Friday marks the eight year anniversary of the "Haines Bottom."
CNBC's Morgan Brennan took a closer look at some of the biggest and losers over the past eight years.
The Winners
Since the Haines Bottom, beauty retailer Ulta Beauty Inc (NASDAQ:ULTA) is a clear winner, having gained a whopping 6,345 percent. But that gain falls slightly short of Incyte Corporation (NASDAQ:INCY)'s 6,534 percent.
These returns makes Apple Inc. (NADAQ: AAPL)'s 1,003 percent gain seem minuscule—but investors who bought the iPhone maker eight years ago and held on through last year's volatility probably aren't complaining much today.
Among the consumer discretionary group, Home Depot Inc (NYSE:HD)'s 780 percent return and Walt Disney Co (NYSE:DIS)'s 656 percent rice stand out as the sector's big winners.
Energy Stocks Hit Hard
Among the biggest losers since the "Haines bottom" are all energy stocks.
Southwestern Energy Company (NYSE:SWN) plummeted 73 percent, Transocean LTD (NYSE:RIG) lost 58 percent and Chesapeake Energy Corporation (NYSE:CHK) lost 48 percent.
Meanwhile, Exxon Mobil Corporation (NYSE:XOM) saw its stock gain just 55 percent, which seems good until you remember the Dow's more than 220 percent return over the same time period.
Related Link: Katie Stockton Predicted These Market Highs; Here's What She Says Is Coming Next
Related Link: David Tepper: It's Not The Right Time To Short The Market
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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