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.
- Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google objected to developing a self-regulatory body for the social media sector in India to hear user complaints, Reuters reports.
- However, Meta Platforms Inc's (NASDAQ:META) Facebook and Twitter Inc (NYSE: TWTR) backed the proposal.
- India in June proposed appointing a government panel to listen to complaints from users about content moderation decisions. India is also open to a self-regulatory body.
- However, the lack of consensus among the tech giants increases the likelihood of a government panel, something that Facebook and Twitter detest.
- After a meeting involving the government and the companies, Google expressed disinterest in the self-regulatory body as it implied external reviews of decisions that could force Google to reinstate content, even if it violated Google's internal policies.
- Snap Inc (NYSE: SNAP) and ShareChat also voiced concern about a self-regulatory system.
- Twitter has faced flak after it blocked accounts of influential Indians, including politicians, citing violations of its policies.
- Twitter also locked horns with the Indian government when it declined to comply fully with orders regarding spreading misinformation.
- Western tech giants have been at odds with the Indian government for years, arguing that strict regulations hurt their business and investment plans.
- Image by succo from Pixabay
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.
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