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.
- JPMorgan Chase & Co (NYSE: JPM) is reportedly recruiting staff across key Asian markets to handle card transactions amid a spike in digital commerce.
- The lender has started its services, Bloomberg reported, in its merchant-acquiring unit in Australia, India, Japan, Singapore, South Korea and New Zealand in 2022.
- The bank is looking to hire “many, many dozens if not more people,” said JPMorgan’s payments & commerce solutions head Max Neukirchen.
- JPMorgan plans to capture small merchants across Asia who are yet to take their business digital, making them an attractive clientele base.
- Neukirchen said that India ranked among the markets with the highest growth potential due to the transition from cash to electronic payment methods.
- He added that Japan and Australia, with growing e-commerce and credit card usage, respectively, have huge potential.
- “Down the road we might want to expand our footprint in China but the priority for now is on those seven new markets,” Neukirchen said.
- Price Action: JPM shares are trading higher by 0.83% at $125.14 on the last check Thursday.
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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