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.
What happened: A new report indicates Amazon.com Inc. (NASDAQ:AMZN) needs to invest billions of dollars into the expansion of its warehouse and delivery system to keep up with consumer demand. Reuters reports the online retailer is running out of space and available labor.
Amazon has almost doubled its network of warehouses in an 18 month period, although more investments are being planned.
Why it’s important: Amazon is “running out of labor,” according to Andrea Leigh, vice president at e-commerce optimization firm Ideoclick, who formerly worked at the company. A job posting for employees for an Amazon warehouse in Montgomery NY, 60 miles northwest of New York City, was offering a $3,000 bonus for recruits to begin working before July 1.
The company currently employs 1,335,00 full and part-time workers.
What’s next: Amazon is set to add 517 facilities to its global distribution network in the years ahead, that’s 176 million additional square feet being added to 402 million square feet the company currently utilizes, according to logistics consultancy MWPVL International.
Over the past 12 months Amazon has increased capital expenditures and equipment leases by 74% to $54.5 billion.
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!