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.
- Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google looks to merge Waze’s more than 500 employees with the company’s Geo organization, which supervises the Maps, Earth, and Street View products, beginning on Friday.
- Waze CEO Neha Parikh will exit her role following a transition period, the Wall Street Journal reports.
- Google said it planned to preserve Waze as a stand-alone service and did not eye any layoffs under the reorganization.
- Also Read: Google Cloud Managers Likely To Be Hit By Pay Cuts As Deal Growth Dries Up
- Google expects the restructuring to reduce overlapping mapmaking work across the Waze and Maps products.
- In September, CEO Sundar Pichai said he wanted Google to become 20% more productive and indicated the company could merge teams working on overlapping products.
- The report noted that activist hedge fund TCI Fund Management called on Alphabet to aggressively cut costs in November.
- Waze, with 151 million monthly active users of its crowdsourced mapping service, also initiated to build an advertising business in recent years.
- The report further added that Noam Bardin, the CEO who steered Waze through its sale to Google, left the company last year to start Post, a competitor to Twitter.
- Christopher Phillips, a former music technology executive, leads the Geo organization that will oversee Waze.
- Price Action: GOOG shares traded higher by 0.42% at $95.55 in the premarket on the last check Thursday.
- Photo Via Company
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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