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.
Tesla Inc. CEO and X owner Elon Musk reiterated his lack of trust in big technology companies, in light of the alleged censorship of information on President Joe Biden's son, Hunter Biden.
What Happened: Musk expressed his distrust in Big Tech companies regarding censorship, reacting to an X user asking people if they trust Sundar Pichai-led "woke Google."
Musk replied, “Definitely not.”
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It's not the first time Musk has expressed his distrust of Big Tech companies. He even carried a physical sink to Twitter, now X, headquarters after acquiring the social media platform in 2022, signaling his intent to do a clean-up.
Why It Matters: In 2020, days before the election, Twitter and other platforms famously censored stories about Hunter Biden‘s laptop. The actions sparked debates about the role of social media platforms, like Twitter, Facebook and Instagram, in regulating content during the election period.
Earlier in 2022, when Musk took over as Twitter’s CEO, he made internal discussions about the decision to censor the New York Post’s story on Hunter Biden’s laptop public.
He also fired a top lawyer at Twitter for his alleged role in the suppression of this information.
Despite his position in the tech industry, Musk’s recent statement suggests a lack of confidence in the industry’s ability to handle censorship issues.
He went on to add that the "most important data" was hidden by these employees from co-founder Jack Dorsey, ahead of Twitter Files 2.0 release in December 2022.
Check out more of Benzinga’s Consumer Tech coverage by following this link.
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock and Flickr, modified using Midjourney
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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