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.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade. The Challenger job-cut report for June is schedule for release at 7:30 a.m. ET, while the ADP national employment report for June will be released at 8:15 a.m. ET. Data on international trade and jobless claims will be released at 8:30 a.m. ET. The services PMI for June is schedule for release at 9:45 a.m. ET, while the ISM non-manufacturing index for June is schedule for release at 10:00 a.m. ET. Federal Reserve Governor Jerome Powell is set to speak in Washington, DC at 10:00 a.m. ET, while Federal Reserve Vice Chairman Stanley Fischer will speak in Vineyard Haven, Massachusetts, at 7:30 p.m. ET.
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Futures for the Dow Jones Industrial Average dropped 70 points to 21,352.00, while the Standard & Poor’s 500 index futures fell 9.25 points to 2,418.75. Futures for the Nasdaq 100 index declined 39.75 points to 5,608.75.
Oil prices traded higher as Brent crude futures rose 1.63 percent to trade at $48.57 per barrel, while US WTI crude futures gained 1.68 percent to trade at $48.57 a barrel. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index falling 0.93 percent, STOXX Europe 600 Index declining 0.92 percent and German DAX 30 index dropping 0.81 percent. The UK's FTSE index was trading lower by 0.71 percent, while French CAC 40 Index fell 1.11 percent.
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In Asian markets, Japan’s Nikkei Stock Average fell 0.44 percent, Hong Kong’s Hang Seng Index dropped 0.22 percent, China’s Shanghai Composite Index rose 0.17 percent and India’s BSE Sensex rose 0.40 percent.
Broker Recommendation
Analysts at Morgan Stanley downgraded O'Reilly Automotive Inc (NASDAQ:ORLY) from Overweight to Equal-Weight.
O'Reilly shares fell 0.72 percent to $177.49 in pre-market trading.
Breaking news
- Mazor Robotics Ltd - ADR (NASDAQ:MZOR) issued a strong revenue forecast for the second quarter.
- Yum China Holdings Inc (NYSE:YUMC) reported in-line earnings for its second quarter, while sales slightly missed estimates.
- AZZ Inc (NYSE:AZZ) reported weaker-than-expected results for its first quarter on Thursday.
- Zumiez Inc. (NASDAQ:ZUMZ) reported a 5.3 percent growth in June comparable sales, while total net sales for the five-week period climbed 8.4 percent. The company also raised its forecast for the second quarter.
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.