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.
Midway through trading Wednesday, the Dow traded down 0.10 percent to 21,457.07 while the NASDAQ climbed 0.42 percent to 6,135.98. The S&P also rose, gaining 0.02 percent to 2,429.52.
Leading and Lagging Sectors
Technology shares rose by 1.7 percent in the US market on Wednesday. Top gainers in the sector included LG Display Co Ltd. (ADR) (NYSE:LPL), and Sequans Communications SA ADR (NYSE:SQNS).
In trading on Wednesday, energy shares fell 1.6 percent. Meanwhile, top losers in the sector included Teekay Offshore Partners L.P. (NYSE:TOO), down 13 percent, and Baytex Energy Corp (USA) (NYSE:BTE), down 10 percent.
Top Headline
Worldpay Group Plc agreed to be acquired by Vantiv Inc (NASDAQ:VNTV) in a deal worth 7.7 billion pounds ($9.95 billion), excluding debt.
Worldpay's shareholders will receive a total of 3.85 pounds a share, representing a premium of 18.9 percent over its closing price on Monday.
Equities Trading UP
Monogram Residential Trust Inc (NYSE:MORE) shares shot up 22 percent to $11.97. Greystar led fund agreed to acquire Monogram Residential Trust for $12.00 per share in cash.
Shares of Celsion Corporation (NASDAQ:CLSN) got a boost, shooting up 29 percent to $2.61 following completion of OVATION study.
Nevro Corp (NASDAQ:NVRO) shares were also up, gaining 12 percent to $82.44 after the company issued a strong sales forecast for the current quarter.
Equities Trading DOWN
Diebold Nixdorf Inc (NYSE:DBD) shares dropped 19 percent to $22.65 as the company lowered its FY17 outlook.
Shares of O'Reilly Automotive Inc (NASDAQ:ORLY) were down 20 percent to $177.34 following disappointing comparable store sales report for the second quarter. O'Reilly same store sales for the quarter rose 1.7 percent.
Advance Auto Parts, Inc. (NYSE:AAP) was down, falling around 13 percent to $103.02 following disappointing same store sales report from O'Reilly.
Commodities
In commodity news, oil traded down 3.44 percent to $45.45 while gold traded up 0.25 percent to $1,222.30.
Silver traded down 0.91 percent Wednesday to $15.945, while copper fell 1.49 percent to $2.653.
Eurozone
European shares were mostly lower today. The eurozone’s STOXX 600 slipped 0.01 percent, the Spanish Ibex Index fell 0.35 percent, while Italy’s FTSE MIB Index slipped 0.70 percent. Meanwhile the German DAX slipped 0.05 percent, and the French CAC 40 declined 0.07 percent while U.K. shares rose 0.14 percent.
Economics
The Johnson Redbook Sales Index rose 0.7 percent in June versus May.
U.S. factory orders dropped 0.80 percent for May, versus economists’ expectations for a 0.50 percent decline.
The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 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.
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