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.
- The U.S. Department of Labor's Occupational Safety and Health Administration called out three more Amazon.com Inc (NASDAQ:AMZN) warehouses in Aurora, Colorado; Nampa, Idaho; and Castleton, New York, for compromising workers' safety.
- The inspections follow referrals from the U.S. Attorney's Office for the Southern District of New York and found similar violations at other Amazon warehouse facilities in Florida, Illinois, and New York in July 2022.
- OSHA later opened inspections in Aurora, Nampa, and Castleton on August 1, 2022.
- Also Read: Uber, Amazon And Other Gig Employers Face Flak For Inadequate Work Infrastructure For Employees In India
- At all six locations, OSHA investigators found Amazon exposed warehouse workers to a high risk of low back injuries and other musculoskeletal disorders.
- The high frequency of lifting bulky packages for long hours hampered the workers' health.
- OSHA proposed $46,875 in penalties for the violations at the Aurora, Nampa, and Castleton facilities.
- On January 30, 2023, the U.S. District Court for the Western District of Washington extended the OSH Act's six-month limitations related to the investigations at these three facilities while Amazon complied with outstanding subpoenas and, accordingly, OSHA's investigation continues.
- In December 2022, OSHA cited Amazon for 14 recordkeeping violations as part of the same investigation.
- Amazon held $59 billion in cash and equivalents as of September 30.
- AMZN Price Action: AMZN shares traded higher by 3.89% at $109.24 premarket 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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