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.
- IP licensing provider Adeia Inc (NASDAQ:ADEA) renewed a multi-year intellectual property (IP) license with Foxtel, Australia's leading pay-TV platform. The financial terms of the transaction remain undisclosed.
- This agreement offers Foxtel's pay-TV platform and Foxtel's online streaming platforms, including Foxtel Now, Kayo, and Binge, ongoing access to Adeia's media technology patent portfolio.
- "We believe that our relationship with Foxtel demonstrates how pay-TV and OTT providers around the world use Adeia's intellectual property to reach consumers in more innovative ways," Adeia's Chief Licensing Officer Mark Kokes said. "We are proud to continue working with Foxtel, one of Australia's most innovative media companies, to enable the next generation of entertainment technology."
- On October 3, Adeia completed its transformation to become a leading independent intellectual property licensing company, following the completion of the spin-off of its product business.
- Price Action: ADEA shares traded higher by 16.69% at $8.39 on the last check Tuesday.
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.
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!