Fintech Focus For December 4, 2020


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.


Quote To Start The Day: One can look at a SPAC as the reverse of a traditional IPO. A SPAC goes public first—usually with a highly regarded executive team able to raise money from large institutional investors—with the intent to acquire a private company to put in its shell within about 24 months.

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Source: Crunchbase

One Big Thing In Fintech: FinTech fundamentals should remain resilient in 2021, even if coronavirus pandemic-related challenges persist or the macroeconomic environment deteriorates further.

Source: Fitch Ratings

Other Key Fintech Developments:


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  • S&P to launch a crypto index in 2021.
  • Phone makers expanded into fintech.
  • Coinbase talks custody for big banks.
  • 1inch uses $12M for DeFi innovation.
  • Spotify wants to push its crypto effort.
  • Revolut plans move from mobile first.
  • Macquarie to launch FX trading tech.
  • Visa will integrate Circle’s USDC coin.
  • CDPQ leads IEX Group investments.
  • Freetrade to pay 3% interest on cash.
  • EBS BrokerTec has acquired Molten.
  • Intuit closes on its Credit Karma deal.
  • Stripe added Stripe Treasury service.
  • Ualá offers mobile point-of-sales tech.
  • York Capital invested in F1 Payments.
  • Cboe planning to expand close cutoff.
  • BlackRock: Bitcoin gaining legitimacy.

Watch Out For This: Corporate CFOs surveyed by CNBC after the election do not think a repeal of the Trump corporate tax cut Joe Biden had planned and a business tax hike to 28% is likely.

Source: CNBC

Interesting Reads:

  • Fauci slams UK over Pfizer approval.
  • Market will deteriorate and fragment.
  • Gates intros plan on climate change.
  • YouTube adds new comment feature.
  • Twitter shuts down old prototype app.
  • California could implement lockdown.
  • Joe Biden picks BlackRock’s Deese.
  • Virus is a top risk to financial stability.
  • bitFlyer volume made record on BTC.
  • SoftBank ditches speculative options.
  • NASA taps private sector for mission.
  • Biden endorses $908B COVID relief.
  • Google looks to hone enterprise data.

Market Moving Headline: Stocks were mixed Thursday, selling off late after Pfizer announced cuts to the number of Covid-19 vaccine doses to be distributed this year. Many stocks held their ground because the odds of a fiscal stimulus bill passing soon are increasing, and economic data were upbeat.

Source: Barrons


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.


Posted In: Fintech1inchBill GatesBlackrockCaliforniacboeCDPQCFOsCircleCNBCCoinbaseCrunchBaseDeeseEBS BrokerTecF1 PaymentsFauciFitch RatingsFreetradeIEX GroupintuitIPOJoe BidenlockdownMacquarieNASAPfizerS&PSPACSpotifyStripetwitterUalaUSDCvisaYork CapitalYouTube