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.
Baozun Inc (NASDAQ:BZUN) shares are trading higher by 12.72% to $5.82. Shares of several Chinese stocks are trading higher, potentially on upward momentum, as China eases some zero-Covid restrictions.
What's Going On In China?
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China began relaxing some of its COVID-19 restrictions on Wednesday, following large protests late last month in response to the country's rigorous "zero-COVID" policy.
China's National Health Commission said it will discontinue the frequent required testing for the bulk of the population and would no longer require negative tests in most public places, according to the Wall Street Journal.
See Also: Why Prometheus Biosciences Stock Is Falling
Additionally, in the case of a positive test the government won't lock down entire apartment buildings and those who have COVID-19 infections won't need to isolate in state quarantine facilities...Read More
According to data from Benzinga Pro, BZUN has a 52-week high of $14.88 and a 52-week low of $3.41.
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.