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.
Amazon.com Inc (NASDAQ:AMZN) saw a significant increase in its share of online orders during the final two weeks before Christmas, reaching 29% compared to 21% during the Thanksgiving and Black Friday week.
As reported by Route, a package-tracking app, this surge highlights Amazon's success in catering to last-minute shoppers through its reliable and rapid delivery services.
Michael Yamartino, CEO of Route, attributes this shift to consumers prioritizing on-time delivery and confidence in Amazon's delivery promises, Bloomberg reports.
The e-commerce giant's commitment to speed, as emphasized by CEO Andy Jassy, has been crucial in maintaining its edge over competitors like Walmart Inc (NYSE: WMT) and Chinese e-commerce players Temu, Shein, and TikTok, known for their discounts but longer delivery times.
Also Read: Amazon Ramps Up Logistics Game: From AI-Driven Deliveries to Prime Video Boxing
In July, Amazon announced plans to expand its same-day delivery facilities, further enhancing its logistical capabilities.
By the end of September, the company reported its fastest-ever delivery speeds, facilitated by strategically located inventory, Bloomberg writes.
Amazon operates over 50 same-day delivery centers in major U.S. metro areas, handling approximately 200 million packages annually.
Prime members particularly benefit from Amazon's swift delivery, with around 70% of their orders in the U.S. arriving within two days and nearly a quarter within a day.
In contrast, non-Prime members experience significantly slower delivery times, with less than 15% of orders arriving within the same timeframe. This efficiency in delivery has been a significant factor in Amazon's heightened order volume during the crucial holiday shopping season.
Price Action: AMZN shares traded lower by 2.17% at $145.25 on the last check Thursday.
Also Read: Amazon's AWS Pushes AI Boundaries With New Chips And Nvidia Partnership
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons
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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