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.
A handwritten letter by late Apple Inc. (NASDAQ:AAPL) co-founder Steve Jobs at age 18 that features his thoughts on Zen Buddhism is expected to fetch up to $300,000 in an auction, British auction house Bonhams said.
What Happened: The one-page note, written by Jobs in February 1974 and addressed to his childhood friend Tim Brown, will be auctioned off on Nov. 3.
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The letter, written by Jobs just two years before he and Steve Wozniak co-founded Apple, is in response to a letter from Brown.
It expresses Jobs’ views on Zen Buddhism and his desire to visit India for the Kumbh Mela, a major Hindu pilgrimage and festival that is celebrated in a cycle of about 12 years.
Brown and Jobs went to Homestead High School in Cupertino, California, where Apple is now headquartered.
See Also: How Steve Jobs Helped Inspire The Founding Of Robinhood
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Why It Matters: Bonhams says on its website that the letter, which reveals Jobs’ spiritual and poetic side, is likely to fetch between $200,000 and $300,000 during the auction in Los Angeles.
This marks the first time a handwritten letter by Jobs has ever come to auction, as per the auction house.
Steve Jobs memorabilia items typically fetch a high price at auction as anything related to the late Apple co-founder is valued immensely by people around the world.
A single-page signed job application filled out by Jobs in 1973 sold for about $222,400 at auction in London, it was reported in March this year.
A copy of the Fortune magazine signed by Jobs had a minimum bid of $11,000 in an auction last year, according to a report by AppleInsider.
Price Action: Apple shares closed 0.5% lower in Friday’s trading at $148.69.
Read Next: Why This Apple Expert Thinks Latest AirPods Are 'Better Buy' Than AirPods Pro
Photo: Courtesy of Ben Stanfield via Wikimedia
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.