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 Tuesday, the Dow traded up 0.41 percent to 21,323.37 while the NASDAQ climbed 0.55 percent to 6,209.53. The S&P also rose, gaining 0.40 percent to 2,439.14.
Leading and Lagging Sectors
Technology sector was the top gainer in the US market on Tuesday. Top gainers in the sector included Camtek LTD. (NASDAQ:CAMT), Sierra Wireless, Inc. (USA) (NASDAQ:SWIR), and Veeco Instruments Inc. (NASDAQ:VECO).
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In trading on Tuesday, telecommunications services shares fell by 0.15 percent. Meanwhile, top losers in the sector included America Movil SAB de CV (ADR) (NYSE:AMX), down 2 percent, and Verizon Communications Inc. (NYSE:VZ), down 1.5 percent.
Top Headline
John Wiley & Sons Inc (NYSE:JW) reported upbeat results for its fourth quarter on Monday.
John Wiley & Sons reported Q4 adjusted earnings of $0.82 per share on revenue of $452.2 million. However, analysts were expecting earnings of $0.54 per share on sales of $425 million.
Equities Trading UP
Cleantech Solutions International Inc (NASDAQ:CLNT) shares shot up 18 percent to $4.97 after announcing an agreement with ECrent Capital Holdings on Monday.
Shares of Veeco Instruments Inc. (NASDAQ:VECO) got a boost, shooting up 7 percent to $31.75. JP Morgan upgraded Veeco Instruments from Neutral to Overweight.
Cavco Industries, Inc. (NASDAQ:CVCO) shares were also up, gaining 9 percent to $128.60 as the company posted strong results for its fourth quarter on Monday.
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Equities Trading DOWN
Science Applications International Corp (NYSE:SAIC) shares dropped 9 percent to $73.89. SAIC reported better-than-expected earnings for its first quarter, but revenue missed estimates.
Shares of CEL-SCI Corporation (NYSE:CVM) were down 21 percent to $0.0777 after the company reported a 1-for-25 reverse split.
Cheesecake Factory Inc (NASDAQ:CAKE) was down, falling around 9 percent to $52.95 after the company issued a weak same-restaurant sales forecast for the current quarter. Before the open, the company reported Q2 2017 comparable sales will be down approximately 1 percent.
Commodities
In commodity news, oil traded up 0.59 percent to $46.35 while gold traded down 0.02 percent to $1,268.60.
Silver traded down 0.94 percent Tuesday to $16.785, while copper fell 0.71 percent to $2.597.
Eurozone
European shares closed mostly higher today. The eurozone’s STOXX 600 gained 0.55 percent, the Spanish Ibex Index rose 0.37 percent, while Italy’s FTSE MIB Index jumped 0.85 percent. Meanwhile the German DAX climbed 0.59 percent, and the French CAC 40 surged 0.40 percent while U.K. shares fell 0.15 percent.
Economics
The Federal Open Market Committee begins its two-day policy meeting today.
The NFIB small business optimism index was unchanged at 104.5 in May versus the previous month. Economists expected a reading of 104 for the month.
The Producer Price Index was unchanged for May, versus a 0.5 percent gain in April. Economists were expecting a 0.10 percent growth for May.
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.