May 15, 2024 10:14 PM | 2 min read
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.
Major U.S. indices surged on Wednesday, with the Dow Jones Industrial Average climbing 0.9% to 39,908, the S&P 500 increasing almost 1.2% to 5,308.15, and the Nasdaq rising 1.4% to 16,742.39.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA shares closed up 3.58% at $946.30. The stock’s intraday high was $948.62 and low was $915.99. The 52-week high and low are $974 and $288.32 respectively. A recent collaboration between NVIDIA and academic researchers has been training robots for surgery, which has garnered attention.
MicroStrategy Incorporated (NASDAQ:MSTR)
MicroStrategy shares soared 15.86% to close at $1503.47. The stock’s intraday high was $1520.34 and low was $1351.09. The 52-week high and low are $1999.99 and $266 respectively. The company’s shares traded higher amid a rise in the price of Bitcoin (CRYPTO: BTC).
Cisco Systems Inc (NASDAQ:CSCO)
Cisco shares rose 1.47% to close at $49.67. The stock’s intraday high was $49.73 and low was $48.73. The 52-week high and low are $58.19 and $45.7 respectively. The company reported financial results for the third quarter of fiscal 2024, beating consensus estimates of $12.53 billion as revenue came in at $12.7 billion.
Chubb Limited (NYSE:CB)
Chubb shares closed down 0.08% at $252.97. The stock’s intraday high was $253.72 and low was $251.99. The 52-week high and low are $260.58 and $183.71 respectively. The company’s shares traded higher after Berkshire Hathaway purchased shares of the stock.
Tesla Inc (NASDAQ:TSLA)
Tesla shares fell 2.01% to close at $173.99. The stock’s intraday high was $180 and its low was $173.11. The 52-week high and low are $299.29 and $138.8 respectively. The electric vehicle leader lost its position as the most crowded short stock after three straight months.
Photo by WHYFRAME on Shutterstock
Prepare for the day’s trading with top premarket movers and news by Benzinga.
Engineered by Benzinga Neuro, Edited by Shivdeep Dhaliwal
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
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.
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!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
