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.
- Digital advertising solutions provider Taoping Inc (NASDAQ: TAOP) inked a share purchase agreement to acquire a 51% stake in Genie Global Limited subsidiary and cloud infrastructure service provider, Render Lake Tech Ltd for a purchase price of $1.53 million based on the valuation of 0.14 shares.
- Render Lake provides wide-ranging cloud solutions and develops cloud desktop, cloud rendering, cloud computing, NFT (Non-Fungible Token), and cloud gaming businesses through its Trusted Partner Network (TPN)-compliant data centers.
- TAOP also announced the launch of the NFT Business Division.
- Cloud computing, blockchain, overseas capital market veteran, and former Grand Shores Technology Co-CEO Qian Wang was appointed as TAOP CIO, NFT Business Division director, and Render Lake GM.
- TAOP held cash and cash equivalent of $0.5 million as of June 30, 2020.
- Price action: TAOP shares traded higher by 4.4% at $10.5 the premarket session on the last check Wednesday.
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.
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