27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Online pharmacies, medical spas, and diet clinics are capitalizing on the surge of interest in weight-loss drugs Ozempic and Wegovy, running thousands of ads on social media platforms, NBC News reports.
Surge in Ads: More than 4,000 active ad campaigns in the U.S. mentioning semaglutide, the drugs’ active ingredient, were found on Facebook and Instagram alone. This heavy marketing surpasses even that of Viagra, a long-time favorite of online marketers.
Consumer Reaction: While some consumers find the ads amusing, others express anger and frustration, feeling inundated with ads suggesting they could benefit from the drug. The surge in ads comes amidst increased scrutiny of Instagram over its potential contribution to body image issues and eating disorders among young women.
Regulation and Enforcement: Meta Inc. (NASDAQ:META), the parent company of Facebook and Instagram, has a policy requiring advertisers to get written permission and provide evidence of an appropriate license before they can promote prescription drugs. However, enforcement of this policy has been inconsistent, with ads often being removed only after they have been reported.
Impact on Drug Supply: The sharp rise in demand for semaglutide drugs has led to a shortage, affecting their availability for their other purpose: helping people with diabetes keep blood sugar levels in check. This high demand has also incentivized pharmacies to make or dispense unauthorized copycat versions of the drugs.
Hi, I am the Benzinga Newsbot! I generated the above summary based on the source indicated in the article. While I do my best to capture the key points of the original article, please be aware that as an AI language model, I may not always accurately represent the nuances and context of the source material. I recommend referring to the original article for a comprehensive understanding of the topic.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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