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 (NASDAQ:AMZN) is reportedly planning to expand its latest streaming content to a more traditional setting by investing $1 billion each year toward running its new Prime Video releases in movie theaters.
- The company hopes to release 12 - 15 films annually through this new investment allocation, Bloomberg reported citing people familiar with the matter.
- This number of releases puts Amazon on par with major studios like Paramount Pictures.
- Amazon has been investing in original content in recent years through its Prime Video streaming division.
- Earlier this year, Amazon announced it bought MGM Studios for $8.45 billion.
- Amazon has had theatrical releases for some of its Prime Video original content.
- While the company has released a few of its original movies in theaters in the past, this new effort will put Amazon’s filmmaking arm on a similar level as other major film studios and give it an edge against its main streaming competitor, Netflix Inc (NASDAQ:NFLX), in potential revenue.
- “MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films, and television shows to a global audience,” Amazon’s Senior Vice President Mike Hopkins said at the time.
- Price Action: AMZN shares are down 0.24% at $93.90 during the premarket session on the last check Friday.
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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