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.
- Walmart Inc (NYSE:WMT) reportedly earmarked over $2.5 billion in India as the retailer doubled down on the opportunities to tap India's e-commerce and payments markets amid macro headwinds.
- In January, Walmart spent about $780 million in taxes after PhonePe, in which the retailer owns a majority stake, moved its domicile to India from Singapore, TechCrunch reports.
- Walmart looks to invest $200 million - $300 million in PhonePe's ongoing funding round.
- Also Read: Competition Intensifies For India's Digital Payments Market: Amazon India Poaches WhatsApp Pay India Head
- The report adds that Walmart, which owns a majority stake in Flipkart, eyes spending $1.5 billion to buy back the e-commerce firm's shares from early backers Tiger Global and Accel Partners.
- India, the second-largest internet market, became a critical overseas market for Walmart and Amazon.Com, Inc. (NASDAQ:AMZN).
- Flipkart leads the e-commerce market in India, the report cited Bernstein. And PhonePe commands over 40% of all transactions on UPI, a payments network in India. UPI, which processes over 7 billion monthly transactions, is the most popular way Indians pay online.
- Last year, Amazon faced a setback in the country after India's largest retail giant, Reliance Industries Limited (RIL), outplayed the American firm in securing retailer Future Group's assets.
- Amazon called the February takeover of 835 Future Retail stores by Mukesh Ambani's conglomerate Reliance a "sham transaction."
- Price Action: WMT shares traded higher by 0.44% at $142.97 on the last check Thursday.
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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