June 5, 2024 10:33 PM | 2 min read
27% gain every 20 days?
This is what Nick Shine does on average with his options buying. Instead of selling covered calls or spreads, he buys options. Most traders don’t even win 27% of their options buying. He wins 83%. This is how he does it.
U.S. stock market indexes posted gains on Wednesday, with the Dow Jones Industrial Average closing up 0.25% at 38,807.33, the S&P 500 rising nearly 1.2% to 5,354.03 and the tech-heavy Nasdaq adding nearly 2% to 17,187.90.
Below are the top stocks that captured the attention of retail traders and investors throughout the day.
NVIDIA Corporation (NASDAQ:NVDA) shares rose more than 5% to close at $1,224.4 on Wednesday. The intraday high was $1,224.49 and the low was $1,174.68. The company’s 52-week high and low were $1,224.49 and $373.56, respectively. The chipmaker has reached a market cap of $3 trillion, becoming just the third company to reach this milestone after Apple and Microsoft.
Meta Platforms, Inc. (NASDAQ:META) closed up 3.79% to $495.06, with an intraday high of $496.65 and a low of $483.91. Its 52-week high and low were $531.49 and $258.88, respectively. The company is under investigation for allegedly concealing information from federal regulators during its review of the Instagram and WhatsApp acquisitions.
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Taiwan Semiconductor Manufacturing (NYSE:TSM) closed at $162.92, up 6.85%. The intraday high was $163.73 and the low was $157.95. Its 52-week high and low were $163.73 and $84.02, respectively. The company is playing a key role as Chinese AI chip companies design less powerful processors to comply with US sanctions.
Lululemon Athletica (NASDAQ:LULU) closed at $308.27, up 0.49%. The intraday high was $308.76 and the intraday low was $301.05. The 52-week high and low are $516.39 and $293.03, respectively. The company reported first-quarter revenue of $2.21 billion, beating the market consensus estimate of $2.2 billion.
Tesla (NASDAQ:TSLA) closed up 0.13% at $175, with an intraday high of $176.15 and a low of $172.13. Its 52-week high and low are $299.29 and $138.8, respectively. The company’s latest Full Self-Driving (FSD) update has some subscribers frustrated as they are not receiving the latest software feature improvements.
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This story was written and edited with Benzinga Neuro. Shivdeep Dhaliwal
27% gain every 20 days?
This is what Nick Shine does on average with his options buying. Instead of selling covered calls or spreads, he buys options. Most traders don’t even win 27% of their options buying. He wins 83%. This is how he does it.
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