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.
- Sony Group Corp (NYSE:SONY) slashed its PlayStation 5 production outlook for this fiscal year due to component and logistics constraints, Bloomberg reports.
- Sony previously aimed over 16 million units assembled in the year ending March to achieve its sales goal and get a head start on the subsequent year’s production.
- Sony cut that number down to about 15 million, making its aim of 14.8 million PS5 sales by March difficult.
- Sony’s manufacturing partners assume the PlayStation 5 to remain in tight supply through 2022. Producing enough units to achieve the target of 22.6 million sales in the next fiscal year will be challenging.
- Rival Nintendo Co Ltd (OTC:NTDOY) cut its full-year sales forecast for the Switch console family by 1.5 million units in early November.
- Chipmakers from Toshiba Corp (OTC:TOSYY), which provides such power chips to Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), find it unlikely for the fabrication situation to normalize even during 2022.
- Price Action: SONY shares closed lower by 0.83% at $121.45 on Wednesday.
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.
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