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.
The time has finally come for Apple Inc. (NASDAQ: AAPL) to prove itself once again as a leader in the development of new technology.
The company is expected to reveal its iWatch on Monday at the company's "Spring Forward" event in San Francisco.
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Investors are eager to see if the watch will do for wearables what the iPhone did for smartphones by living up to the year-long hype around its release.
Morgan Stanley has estimated that Apple will sell around 30 million watches in the first year, but its steep $349-plus price tag could prevent widespread adoption.
The Tech Behind The Watch
While Apple itself is the obvious choice for investors who believe that the iWatch will be a hit, many are looking behind the scenes in order to profit from the watch's release.
Universal Display Corporation (NASDAQ: OLED) is one such company and saw a 13 percent rise last week in the lead-up to Apple's event. The company created the OLED screen technology to be used on the watches and is rumored to become a direct supplier for Apple's subsequent watch models.
InvenSense Inc (NYSE: INVN) created the motion-sensor technology used in both the iPhone and the iWatch. Since a huge part of the watch's functionality is expected to revolve around the accuracy and reliability of motion tracking, InvenSense could be a smart play as the demand for motion sensing technology rises.
Apple Watch Success A Win-Win
Companies like Jawbone and FitBit that already have wearable devices on the market are also hoping that Apple's watch will be a hit among consumers. Because the watch comes at a very high-end price, companies offering cheaper models will benefit from a growing interest in the wearables space.
The Apple watch's success would boost public interest in health and fitness tracking; and those who are not willing to shell out $350 will be looking to Apple competitors for a cheaper option.
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.