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.
- JD.Com, Inc (NASDAQ:JD) proposed to dole out discounts across its online shopping platforms from Monday in a 10 billion yuan ($1.4 billion) campaign to tap new users ahead of an anticipated Chinese economic recovery this year.
- JD.Com's campaign has fueled concerns of a margin-eroding price war in retaliation from rivals like Alibaba Group Holding Ltd (NYSE:BABA) or upstart PDD Holdings Inc (NASDAQ:PDD), Bloomberg reports.
- Meituan (OTC:MPNGY) (OTC:MPNGY) was reportedly expanding into Hong Kong and looked to hire 10,000 people on the mainland to curb heightened competition from new entrants like ByteDance Ltd in the $145 billion Chinese food-delivery arena.
- China's internet firms ramped up efforts to beat each other since Beijing's sweeping crackdown on the tech sector, prompting an abrupt surge in competition.
- The Chinese government has begun rolling back restrictions since late 2022, with intent of restoring a Covid-ravaged economy.
- In February, JD.com reported third-quarter FY22 revenue growth of 11.4% year-on-year to $34.2 billion, missing the consensus of $34.4 billion.
- JD Segment Performance: JD.com's net product revenue grew 5.9% Y/Y to $27.7 billion. Net service revenues rose 42.2% Y/Y to $6.5 billion. JD Retail revenue grew 7% Y/Y to $29.8 billion.
- Non-GAAP net income per ADS of $0.88 beat the consensus of $0.63.
- Price Action: JD shares closed higher by 0.83% at $47.46 on Friday.
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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