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.
Shares of several Chinese companies, including Nio Inc - ADR (NYSE:NIO), TAL Education Group (NYSE:TAL), Alibaba Group Holding Ltd - ADR (NYSE:BABA) and Pinduoduo Inc - ADR (NASDAQ:PDD), are all trading lower following comments from Chinese President Xi Jinping during Chinese Communist Party centenary celebrations.
Shares of Chinese companies have also seen volatility amid renewed COVID-19 concerns in the Asia-Pacific region, including concerns over the Delta variant of the virus.
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!
Nio operates in China's premium electric vehicle market. Nio designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence.
Nio has a 52-week high of and a 52-week low of $66.99 and a 52-week low of $8.70.
TAL Education is one of the leading K-12 after-school tutoring providers in China. The firm offers tutoring services to students from pre-school to the twelfth grade via small classes, one-on-one personalized premium services and online courses.
TAL Education has a 52-week high of $90.96 and a 52-week low of $20.41.
Alibaba is the world's largest online and mobile commerce company, measured by GMV (CNY 6.6 trillion/$1 trillion for the fiscal year ended March 2020). It operates China's most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer).
Alibaba has a 52-week high of $319.32 and a 52-week low of $204.39.
Pinduoduo provides a platform for buyers with value-for-money merchandise and fun and interactive shopping experiences. The company's 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.
Pinduoduo has a 52-week high of $212.60 and a 52-week low of $69.89.
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.