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.
Australian regulator has demanded Meta Platforms Inc (NASDAQ:META), Apple Inc (NASDAQ:AAPL), Snap Inc (NYSE:SNAP), and Microsoft Corp (NASDAQ:MSFT) share their strategies for stamping out child abuse material on their platforms.
What Happened: Australia's independent regulator for online safety, the e-Safety Commissioner, said it exercised the laws introduced by the government in January to compel the giants to disclose the measures to detect and remove child abuse material from their platforms.
If the companies do not disclose the measures they are taking — within 28 days — they would each face a fine of A$555,000 ($383,000) per day.
An email sent by Benzinga to Meta, Apple, and Microsoft seeking comment didn't elicit any response until the time of publishing this story.
"This activity is no longer confined to hidden corners of the dark web but is prevalent on the mainstream platforms we and our children use every day," said commissioner Julie Inman Grant in a statement.
"As more companies move towards encrypted messaging services and deploy features like live streaming, the fear is that this horrific material will spread unchecked on these platforms," she added.
This comes amid Australia's hardline approach to regulating big tech firms since 2021. Earlier this month, the country's competition watchdog said the federal court ordered Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google to pay AU$60 million ($42.7 million) in penalties for misleading users.
See Also: India Looks Poised To Lose Crown of World's Fastest-Growing Major Economy, Economists Say
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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