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.
IN THE NEWS
BENZINGA
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!
The Congressional Budget Office said Monday that the latest health care bill struck in secret by a select group of U.S. senators would chop 22 million people off the health-insurance rolls by 2026, another nail in the coffin of legislation backed by a dwindling number of GOP lawmakers: Link
Starting up your own business can be a big risk but can pay off huge if your idea takes off. There’s no way to guarantee a startup will be a success, but starting a business in a hot, in-demand industry may dramatically improve your chances: Link
Take the ethnic breakdown of a country and filter it through politics and economics and historical context. Factor in trend analyses built from social media and mainstream reporting. Do the math. What do you get?: Link
Avis Budget Group Inc. (NASDAQ:CAR) announced Monday it has formed a partnership with Alphabet Inc (NASDAQ:GOOGL)’s autonomous car business, Waymo: Link
THE WALL STREET JOURNAL
The European Union’s antitrust regulator on Tuesday fined Google a record €2.42 billion ($2.71 billion) for favoring its own comparison-shopping service in search results and ordered the search giant to apply the same methods to rivals as its own when displaying their services in search results: Link
Brazil’s top prosecutor filed criminal charges against President Michel Temer on Monday, marking a critical new phase for the corruption crackdown that has roiled Latin America’s largest country for the past three years: Link
REUTERS
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Apple Inc. (NASDAQ:AAPL) is working with Cisco Systems Inc (NASDAQ:CSCO) to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Apple Chief Executive Officer Tim Cook said on Monday: Link
Tech giant IBM (NYSE:IBM) is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies: Link
BLOOMBERG
President Donald Trump’s travel ban has been partially revived by the Supreme Court, but his celebratory tweet about the decision belied his government’s confusion about how to turn the ruling into official policy: Link
Love for paper money is simply stronger than the ease of credit cards and apps: Link
NY POST
A former Snap Inc. (NYSE:SNAP) executive who accused CEO Evan Spiegel of saying Snapchat is “only for rich people” while fibbing about the app’s user numbers doesn’t want to be muzzled: Link
ECONOMIC DATA
- Redbook: US Retail First 4 Wees June Up 0.6% vs May, Up 2.4% YoY; U.S. Retail Sales Up 2.2% Week Ended June 24th YoY
- The S&P Corelogic Case-Shiller home price index for April will be released at 9:00 a.m. ET.
- The Conference Board’s consumer confidence index for June is schedule for release at 10:00 a.m. ET.
- The Richmond Fed's manufacturing index for June will be released at 10:00 a.m. ET.
- The State Street Investor Confidence Index for June is schedule for release at 10:00 a.m. ET,
- Philadelphia Federal Reserve Bank President Patrick Harker will speak in London at 11:15 a.m. ET.
- The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
- Federal Reserve Chair Janet Yellen is set to speak in London at 1:00 p.m. ET.
- The Treasury will auction 5-year notes at 1:00 p.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Houghton, Michigan at 5:30 p.m. ET.
ANALYST RATINGS
- Stifel upgraded STMicroelectronics (NYSE:STM) from Hold to Buy
- Gordon Haskett upgraded JC Penney (NYSE:JCP) from Reduce to Hold
- Susquehanna downgraded Monsanto (NYSE:MON) from Positive to Neutral
- KeyBanc downgraded Laboratory Corp (NYSE:LH) from Overweight to Sector Weight
- Gordon Haskett downgraded Wayfair (NYSE:W) from Buy to Accumulate
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.
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.