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) chief Andy Jassy acknowledged slowing down the hiring rate citing pandemic-induced overexpansion, the Wall Street Journal reports.
- Amazon looks to scale back following a massive hiring spree to contain customer demand, primarily in its fulfillment networks.
- Amazon reported slowing sales and the second quarter of net loss in Q2 as it faced continued weakness in its retail operations after a pandemic boom.
- Jassy has been working on cutting back on the excesses of the company's breakneck expansion of its e-commerce operation during the pandemic since he succeeded Jeff Bezos.
- Amazon attempted to shed some warehouse space by subletting it out and deferring the construction of new warehouses. It also closed down many of the company's brick-and-mortar retail stores.
- Amazon sought additional revenue in healthcare beyond its e-commerce and cloud computing services businesses.
- Amazon saw a growing workforce joining unions in quest of better pay and workplace conditions.
- Tech giants, including Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, and Meta Platforms Inc (NASDAQ: META), looked to downsize the workforce lest they fail to meet the standards.
- Price Action: AMZN shares traded higher by 0.02% at $129.50 in the premarket on the last check Friday.
- Photo via Wikimedia Commons
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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