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.
Pinduoduo Inc. (NASDAQ:PDD) shares are trading higher on Wednesday.
The strength is potentially related to concerns of a resurgence in China coronavirus cases, which could be a positive catalyst for e-commerce if businesses were to close.
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Pinduoduo provides a platform for buyers with value-for-money merchandise and fun and interactive shopping experiences. The company mobile platform offers a comprehensive selection of priced merchandise, featuring a social shopping experience that leverages social networks as an effective and efficient tool for buyer acquisition and engagement.
The company's whole revenue is derived from within the People's Republic of China.
Pinduoduo shares were trading up 6.23% at $82.86 on Wednesday at the time of publication. The stock has a 52-week high of $83.96 and a 52-week low of $19.10
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Pinduoduo Falls 20% On Q3 Earnings Miss
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.