27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
- Amazon.com Inc (NASDAQ:AMZN) has acquired the Indian social commerce startup GlowRoad in an all-cash deal making a more significant push into one of its key overseas markets, TechCrunch reports.
- The financial terms of the transaction remain undisclosed.
- The report cited an Amazon spokesperson saying the acquisition will help Amazon make inroads with its commitment to digitizing the nation's 10 million businesses by 2025.
- Amazon, which has invested over $6.5 billion in its India operations, said: "Amazon continues to explore new ways to digitize India and delight customers, micro-entrepreneurs, and sellers, and bringing GlowRoad onboard is a key step in this direction."
- "Together with GlowRoad, Amazon will help accelerate entrepreneurship among millions of creators, homemakers, students, and small sellers from across the country."
- GlowRoad sells products to customers at wholesale prices and helps them resell them on Meta Platforms Inc (NASDAQ:FB) Facebook, and WhatsApp. It also provides them with a logistics network (to help deliver the product) and the ability to collect cash.
- "GlowRoad is committed to creating more 'homepreneurs' and bringing many unique and unbranded suppliers to the platform," said co-founder Shekhar Sahu.
- The report noted Walmart Inc's (NYSE:WMT) Flipkart has aggressively geared up its social commerce offering, Shopsy, India.
- Many startups, including SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF), Facebook-backed Meesho and Alpha Wave Global, and Tiger Global-backed Dealshare also operate in the social commerce space and enjoy a larger market share than that of Shopsy.
- Price Action: AMZN shares closed lower by 3.7% at $2,965.92 on Thursday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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!