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.
Apple Inc. (NASDAQ:AAPL) has started reopening more than half its stores in China.
What Happened
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!
Apple has begun reopening its retail outlets in China as it tries to recoup sales that have come under pressure due to the Covid-19 epidemic.
Bloomberg reported that beginning Feb 24, 29 out of 42 stores in China would be reopening. These locations will operate shortened hours and some stores will be open for less than 8 hours. Usually, Apple stores are open 12-hours daily.
Apple sales in China could drop by 1 million if the virus epidemic persists until late February.
Why It Matters
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Apple stocks have come under increasing pressure as the spread of Covid-19 intensifies around the world.
Analysts are worried about the waning demand for Apple products. The revenue impact of Covid-19 on the company is estimated to be $4 billion according to Apple.
Experts expect infections to peak by late March while the company opens its stores gradually in the interim.
Price Action
Apple shares traded 0.98% higher at $301.10 in the after-hours session on Monday. The shares had closed the regular session 4.75% lower at $298.18.
Photo by Laurenz Heymann on Unsplash
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.