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.
- Netflix Inc (NASDAQ:NFLX) scooped Spry Fox, a Seattle-based independent gaming studio focused on cozy games.
- The financial terms of the transaction remained undisclosed.
- Spry Fox became Netflix's sixth in-house games studio.
- Also Read: Netflix Goes Aggressive In Gaming Stance, Collaborates To Piggybank On Popular Franchises
- Spry Fox's unique approach to game development and success with titles will help accelerate Netflix's creative growth in another beloved genre and add to the growing variety of Netflix's games catalog that will have something for everyone.
- Spry Fox was founded in 2010 by David Edery and Daniel Cook. The games studio is known for popular titles like "Triple Town," "Alphabear" and "Cozy Grove."
- In September, Netflix shared plans to establish an internal games studio in Helsinki, the capital city of Finland, with Marko Lastikka as the studio director.
- Netflix held $6.1 billion in cash and equivalents as of September 30.
- Netflix also posted ads for a security product manager with experience handling "cloud gaming challenges," reflecting its interest in the domain.
- Streaming companies like Netflix battled subscriber losses as people moved out for entertainment following the pandemic recovery. Additionally, the inflation, geopolitical crisis, and uncertain macro curtailed consumer spending.
- Price Action: NFLX shares traded higher by 1.34% at $295.80 premarket on the last check Tuesday.
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.
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!