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.
Investors looking for profits in tech stocks were met with difficulties last year as the market dealt blows to almost all sectors outside of energy and healthcare.
The Federal Reserve's seven rate increases, the geopolitical unrest fueled by the Russian invasion of Ukraine, and even China's zero-COVID ambitions which choked global supply lines, all had a part in the market volatility of 2022.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
These elements played a part in the S&P 500 (NYSE:SPY) having its worst performance since the 2008 financial crisis, with the technology sector among those suffering the most.
Apple Inc (NASDAQ:AAPL) was the biggest loser of the year in tech, in terms of absolute market cap declines, losing $846 billion. Meanwhile, Meta Platforms Inc (NASDAQ:META), the company designing the "metaverse," lost nearly $500 billion in market cap.
But, the tech stocks investors sold off in 2022 look to rebound in 2023, with Apple already up 4.23% on the year, with Meta climbing over 6%.
Here’s how the worst-performing companies of 2022 are doing so far in 2023.
| Company | Ticker | % Change YTD |
| Apple Inc | AAPL | +4.23% |
| Amazon.com, Inc | AMZN | +4.71% |
| Microsoft Corporation | MSFT | -4.58% |
| Tesla Inc | TSLA | +8.91% |
| Meta Platforms Inc | META | +6.10% |
| Nvidia Corporation | NVDA | +10.50% |
| PayPal Inc | PYPL | +4.53% |
| Netflix Inc | NFLX | +11.43% |
| Walt Disney Co | DIS | +7.04% |
| Salesforce Inc | CRM | +9.76% |
A dovish pivot by the Fed is what investors seeking gains in those battered tech stocks are anticipating as the central bank decides between raising interest rates by 0.25 basis points and 0.50 basis points at its next meeting on Feb. 1.
Investors would likely rush into those tech names in response to a rate increase of 0.25 basis points, as they will see it as a sign that inflation is showing signs of retreat, and the dovish pivot that has been long anticipated has begun.
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.