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.
- PDD Holdings Inc's (NASDAQ:PDD) U.S. shopping app Temu aired a commercial during the Super Bowl.
- The Alibaba Group Holding Limited (NYSE:BABA) rival's move highlights its ambition to crack the U.S. e-commerce market, following in the footsteps of another Chinese online shopping company Shein, CNBC reports.
- A Super Bowl ad spot costs millions of dollars.
- The commercial aired during the first and third quarters of the game between the Philadelphia Eagles and the Kansas City Chiefs is titled "Shop Like A Billionaire."
- PDD tended to focus on lower-income consumers by offering heavily discounted products. It also focused on bringing agricultural products, like vegetables, onto its platform to differentiate from rivals.
- PDD's cross-border shopping site Temu in the U.S. quickly gained popularity and is ranked second on the Apple Inc (NASDAQ: AAPL) App Store and first on the Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Play store.
- Temu sells products in several categories, from fashion to electronics. It is currently offering free shipping for a limited time as part of its Super Bowl promotion and what it calls "Game Day Deals."
- Price Action: PDD shares traded higher by 2.44% at $94.71 premarket on the last check Monday.
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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