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.
- T-Mobile U.S. Inc (NASDAQ:TMUS) slashed the price of its new 5G wireless home broadband service by 17% to win more internet customers from cable and phone companies.
- The new price is $50 a month, down $10. The six-month-old service is available to over 30 million homes, just a fraction of the U.S. total.
- Last month, Verizon Communications Inc (NYSE:VZ) offered a $200 credit to new customers for its $70 a month 5G home internet service, Bloomberg reports.
- The price cuts in the rollout of new 5G wireless services highlight the challenges of displacing reputed phone and cable companies.
- About 106 million subscribers get broadband from cable and phone companies at an average cost of $65 a month.
- The price promotions follow weaker sign-ups for internet service in late summer. The demand for broadband access surged around the U.S. through mid-2021 due to the pandemic triggered remote working and learning.
- Price Action: TMUS shares closed lower by 0.05% at $125.40 on 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!