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.
- Software automation company UiPath, Inc (NYSE:PATH) snapped up artificial intelligence startup Re:infer Ltd. The financial terms of the transaction remain undisclosed.
- Re:infer was founded in 2015 by Ph.D. scientists from the AI research lab at University College London.
- Re:infer uses machine learning (ML) technology to mine context from communication messages and transform them into actionable data with speed and accuracy.
- Also Read: UiPath's Latest Restructuring Did Not Surprise Analysts - Read Why
- Ted Kummert, EVP, Products & Engineering at UiPath, said, "Combining Re:infer's NLP technology with our Document Understanding and AI products expands the breadth of our current AI-powered automation capabilities and unlocks new automation opportunities for our customers."
- "Automating the interpretation of documents and communications data bridges the gap between humans and information technology systems, and structured and unstructured data to supercharge digital transformation efforts in the enterprise," said Dr. Ed Challis, CEO and Co-Founder of Re:infer.
- UiPath held cash and equivalents of $1.8 billion as of April 30.
- Price Action: PATH shares closed higher by 2.35% at $18.76 on Monday.
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!