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.
- Kering SA’s (OTC: PPRUF) (OTC: PPRUY) Gucci and Facebook Inc (NASDAQ: FB) have lodged a multiparty lawsuit in California against an unidentified individual for alleged sale of counterfeit Gucci products under multiple Facebook and Instagram accounts, Reuters reports.
- The lawsuit claimed the violations of the social media platform’s terms and the breach of Gucci’s intellectual property rights, Bloomberg reports.
- Amazon.Com Inc (NASDAQ: AMZN) lodged similar lawsuits over the last year with Valentino and Ferragamo.
- Facebook and Instagram suspended over one million content pieces in the first half of 2020, based on the counterfeit content report from brand owners, including Gucci.
- Gucci’s in-house intellectual property team had led to the suspension of four million online counterfeit product listings, 4.1 million counterfeit product seizures, and the disablement of 45,000 websites in 2020.
- Facebook’s luxury market and social commerce aspirations were getting hammered by fake item sales. Many brands also hesitated to sell their products via third-party players.
- Price action: FB shares traded higher by 0.42% at $304.30 in the premarket session on the last check Tuesday.
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.
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!