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 Chinese companies - Alibaba Group Holding Limited (NYSE:BABA), Li Auto Inc. (NASDAQ:LI), Xpeng Inc. (NYSE:XPEV), JD.com Inc. (NASDAQ:JD) and Baidu Inc. (NASDAQ:BIDU) - are all trading lower in Hong Kong on Thursday.
What’s Moving: Chinese e-commerce giant Alibaba’s shares traded 1.8% lower at HKD 161.20 ($20.70) in Hong Kong, while electric vehicle maker Li Auto’s shares traded 0.8% lower at HKD 116.90 ($15.01) and Xpeng’s shares traded 2.3% lower at HKD 155.30 ($19.94).
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In addition, e-commerce company JD.com’s shares were down 0.6% at HKD 292.20 ($37.52), while technology company Baidu’s shares were down 1.1% at HKD 148.30 ($19.04).
Hong Kong’s benchmark Hang Seng Index is currently down 1.4%, extending losses from the previous session after South Korea’s central bank raised interest rates, making it the first major economy in Asia to do so.
Why Is It Moving? Shares of Chinese companies - with the exception of Alibaba - closed flat-to-higher in U.S. trading on Wednesday as the benchmark S&P 500 and Nasdaq Composite indices closed at record highs. Alibaba closed 1.5% lower, while electric vehicle maker Nio Inc.'s (NYSE:NIO) shares closed higher by less than 0.1%.
Upbeat quarterly results from companies such as JD.com and agriculture-focused technology platform Pinduoduo Inc. (NASDAQ:PDD) earlier in the week have helped comfort investors amid worries about China’s domestic regulatory crackdown.
Jiayin Group’s (NASDAQ:JFIN) shares closed more than 26% higher in U.S. trading on Wednesday after the fintech platform reported second-quarter revenues that beat analysts’ estimates.
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.