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.
Spain's antitrust watchdog penalized Amazon.Com, Inc (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL) by a total €194.1 million ($218.03 million) for conspiring to restrict the online sale of devices from Apple and competitors in Spain.
On October 31, 2018, Amazon and Apple signed two agreements updating Amazon's terms as an Apple Authorized Reseller. They included several clauses restricting competition that affected the Internet (online) retail sale of electronic products in Spain.
The CNMC penalized Apple by €143.6 million and Amazon by €50.5 million. The two companies have two months to appeal the decision.
More than 90% of the existing retailers using Amazon's marketplace to sell Apple devices lost access to the primary online market in Spain.
Amazon also reduced the capacity of retailers in the European Union based outside Spain to access Spanish customers and restricted the advertising Apple's competitors were allowed to place on its website when users searched for Apple products, Reuters reports.
Following the deal, the prices of Apple devices sold online increased in Spain. Apple device buyers profited from the deal, and discounts on iPads and iPhones increased.
Apple said the deal aimed to limit the number of counterfeits sold online.
Amazon held $64.4 billion in cash and equivalents as of March 31.
Apple held $55.9 billion in cash and equivalents as of April 1.
Price Actions: AMZN shares traded higher by 0.46% at $133.45 premarket on the last check Wednesday. AAPL shares traded lower by 0.22% at $193.30.
Photo by howard bouchevereau via Unsplash
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.
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!