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.
During the first two weeks of December, residents bought more than $3 million worth of marijuana at recreational retailers, which provided $515,051 in tax revenues, the state said Tuesday.
The second week of sales totaled $1.47 million and resulted in $147,371 in excise tax revenue and $97,265 in sales tax revenue, the Marijuana Regulatory Agency said.
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In total, the state has seen $310,271 in excise tax revenue since recreational sales started December 1 and $204,779 in sales tax revenue.
On Tuesday, the state also approved four more adult-use licenses, bringing the statewide total to 33.
The state granted three more licenses for retail locations in Negaunee, Bay City and Ann Arbor. It also approved a license for a secure transporter in Grass Lake.
This story was published in Gongwer News Service.
Image by SeaweedJeezus from Pixabay
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.