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 higher in early pre-market trade. The Labor Market Conditions Index for July is schedule for release at 10:00 a.m. ET. St. Louis Federal Reserve Bank President James Bullard is set to speak in Nashville at 11:45 a.m. ET, while Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Sioux Falls, SD at 1:25 p.m. ET. Data on consumer credit for June will be released at 3:00 p.m. ET.
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Futures for the Dow Jones Industrial Average climbed 33 points to 22,050.00, while the Standard & Poor’s 500 index futures rose 2 points to 2,474.00. Futures for the Nasdaq 100 index gained 7 points to 5,904.50.
Oil prices traded lower as Brent crude futures fell 1.13 percent to trade at $51.83 per barrel, while US WTI crude futures dropped 1.05 percent to trade at $49.06 a barre.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index falling 0.02 percent, STOXX Europe 600 Index declining 0.23 percent and German DAX 30 index dropping 0.47 percent. The UK's FTSE index was trading higher by 0.11 percent, while French CAC 40 Index fell 0.01 percent.
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In Asian markets, Japan’s Nikkei Stock Average rose 0.52 percent, Hong Kong’s Hang Seng Index rose 0.46 percent, China’s Shanghai Composite Index climbed 0.53 percent and India’s BSE Sensex fell 0.16 percent.
Broker Recommendation
Analysts at Morgan Stanley upgraded GrubHub Inc (NYSE:GRUB) from Equal-Weight to Overweight and raised the price target from $43.00 to $59.00.
GrubHub shares rose 8.94 percent to close at $52.62 on Friday.
Breaking news
- Booz Allen Hamilton Holding Corporation (NYSE:BAH) reported stronger-than-expected earnings for its first quarter, while sales missed estimates.
- Fresenius Medical Care announced plans to acquire NxStage Medical, Inc. (NASDAQ:NXTM) for $30.00 per share in cash.
- Snap-on Incorporated (NYSE:SNA) reported a $500 million buyback program.
- Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) disclosed that its Phase 2 STAR 1 trial of ZYN002 did not meet primary endpoint.
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.