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.
- China's online game regulator approved 45 foreign video game licenses, further easing regulatory curbs on the afflicted industry.
- The National Press and Publication Administration 45 imported online games, including Nintendo Co, Ltd's (OTC:NTDOF) (OTC:NTDOY) "Pokémon Unite" and CD Projekt SA's (OTC:OTGLY) (OTC:OTGLF) "Gwent: The Witcher Card Game," Reuters reports.
- China approved 84 domestic games for December.
- Also Read: Sony Amplifies Gaming Rivalry With Microsoft In China
- Beijing's crackdown on the video games industry began last August.
- Regulators resumed issuing game licenses to homegrown games in April, and the approval of foreign games was the last regulatory curb.
- Beijing's year-long crackdown on the industry has dealt a significant blow to Chinese tech companies, including Tencent Holding Ltd (OTC: TCEHY) and NetEase, Inc (NASDAQ: NTES).
- Pokémon Unite, co-created by Nintendo and Tencent, surpassed 50 million downloads by the end of last December after its release on the Nintendo Switch outside of China in July last year.
- Price Action: NTES shares traded higher by 0.90% at $73.80 premarket on the last check Wednesday.
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.
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