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.
There’s a nearly four-month wait ahead for people eager to get their hands on one of Snap Inc’s (NYSE: SNAP) Pixy drones. The social media operator’s CEO admitted to a journalist that they “should have made more.”
What Happened: The wait time for the $249.99 Pixy Flight Pack is estimated to be 15-16 weeks, according to the product’s website.
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Alex Heath, a senior reporter for The Verge, said on Twitter that Snap CEO Evan Spiegel told him that in hindsight, "we probably should have made more.”
Estimated shipment in 15-16 weeks for the Pixy drone, per Snap’s website
— Alex Heath (@alexeheath) May 4, 2022
“Honestly, in hindsight, we probably should have made more,” Evan Spiegel told me before the launch https://t.co/7ePpWWUimA https://t.co/ACON9SlJ2A
A Snap spokesperson confirmed to Heath that even those that purchased Pixy on the very first day “won’t see their drone for weeks.”
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The spokesperson said that the Pixy isn’t made-to-order, but no manufacturing numbers were revealed by Snap, reported the Verge.
See Also: How To Buy Snap Inc (SNAP) Shares
Why It Matters: While Snap’s website always reflected an 11-to-12 week shipping period since the drone was launched, beginning April 28 the wait time rose to 15 to 16 weeks, according to The Verge.
In 2021, Snap launched “Spectacles” — camera-embedded sunglasses with built-in AR displays.
At the time of the smart glasses launch, there was a buzz surrounding the drone as well, since Snap acquired Ctrl Me Robotics for less than $1 million a few years earlier.
Price Action: On Friday, Snap shares closed 8.7% lower at $24.90 in the regular trading and rose 0.2% after the bell, according to Benzinga Pro data.
Read Next: 5 Snap Analysts Break Down Q1 Earnings: What's The Read-Through For Advertising?
Photo: Courtesy of Pixy
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.