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.
Pinterest's name can now be scratched off any potential list. CNET reported on November 6 that the popular photo-sharing website has no plans to join the ranks of other social media companies like Facebook (NASDAQ: FB) and Twitter to become a public company.According to CEO Ben Silbermann, an IPO is not in the works as he wants the company to “stand on its own two feet” and that going public might go against company interests in growing a user base.
AllThingsD reported on October 23 that Pinterest recently raised $225 million, implying a $3.8 billion valuation. The funds will be allocated towards improving the company's international efforts, which has seen strong growth.Notable investors in Pinterest includes Marc Andreeson. Andreeson is notoriously known for early-stage investments in companies prior to an IPO. His portfolio includes Facebook, Twitter, Groupon (NASDAQ: GRPN) and Zynga (NASDAQ: ZNGA).While management is not embracing the idea for an IPO today, its position can certainly change over time. Just over a year ago, Twitter CEO Dick Costolo was asked during an interview with CNBC if he ever plans on taking the company public. Costolo responded by saying “We have every hope and belief that we will be a successful — independent — company.” Costolo added that the company is focusing on growing users, employee base and focusing on rolling out ads.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!