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.
- Meta Platforms, Inc (NASDAQ:META) WhatsApp Pay India head Vinay Choletti departed, the latest in a series of executive departures in the company’s largest user market.
- Choletti took over the top role for WhatsApp Pay in India in September this year following the departure of Manesh Mahatme, who joined WhatsApp from Amazon.com Inc (NASDAQ:AMZN) and, after a year and a half, returned to the e-commerce group TechCrunch reports.
- With over 500 million users in India, WhatsApp struggled to win market share in the nation’s fast-growing mobile payments market.
- Alphabet Inc (NASDAQ:GOOG) (NASDAQ: GOOGL) Google Pay, Walmart Inc (NYSE:WMT) PhonePe, and Paytm currently lead the market, whereas the regulator bound WhatsApp to offer the payments service to 100 million users.
- According to Credit Suisse, India’s payments market would likely be worth $1 trillion in the next two to three years, up from about $200 billion in 2020.
- Google and PhonePe command over 85% market share on the homegrown payments network, UPI.
- Meta saw high-profile departures in India in recent months amid its internal shifts.
- Ajit Mohan, the former head of Meta India, quit in October to join rival Snap Inc (NYSE: SNAP).
- WhatsApp India head Abhijit Bose and Meta India’s Public Policy head Rajiv Aggarwal departed in November.
- Price Action: META shares traded lower by 0.83% at $121.15 on the last check Wednesday.
- Photo via Wikimedia Commons
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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