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.
- Alibaba Group Holding Limited's (NYSE:BABA) cloud unit has collaborated with layer-1 blockchain Avalanche and MUA DAO to help implement the integration and customization for metaverses and web3.
- Alibaba's extended partnership with Avalanche will offer Alibaba Cloud clients a launchpad, Cloudverse, to help businesses customize, launch and maintain their metaverse spaces on Avalanche's blockchain, TechCrunch reports.
- Avalanche's infrastructure will also help create customizable blockchain solutions through the Cloudverse.
- Also Read: Alibaba Likely To Struggle With Cloud Growth, Analysts Say; Needs New Growth Driver For Other Businesses
- MUA DAO is the service layer that will help implement the integration and customization for metaverses and web3.
- The ability to launch metaverses quickly and efficiently could open doors for enterprises that do not have the time or resources to undertake these platforms.
- In December, Alibaba Cloud began providing infrastructure and tools to help Asia-based users launch validators on the Avalanche network.
- That original iteration provided plug-and-play and node-as-a-service initiatives to help expand blockchain adoption in Asia.
- According to John Wu, president of Ava Labs, Alibaba Cloud has about 4 million customers and 10 million developers.
- From Alibaba's perspective, one of the ways to get the Asian enterprise ecosystem into web3 is through the metaverse, Wu said.
- Price Action: BABA shares traded higher by 0.09% at $82.57 on the last check Friday.
- Photo via Wikimedia Commons
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.
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!