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.
According to The Korea Times, Amazon.com Inc (NASDAQ: AMZN) is making a big push to encourage Korea’s public organizations and financial institutions to adopt its cloud service, Amazon Web Service (AWS). AWS Korea’s managing director Doug Yeum discussed the future for AWS in Korea during a press conference in Seoul on Monday.
Security a priority
According to Yeum, the biggest concern for Korean public organizations is security. Many Korean organizations currently opt for hardware-based, on-site storage alternatives. However, Yeum says that Amazon has been pushing to change that attitude.
“It is quite possible that the nation’s public organizations and financial institutions will introduce AWS cloud services once we can handle their issues related to regulations and compliances,” Yeum said on Monday. Yeum also added that AWS has recently been in talks with several large Korean companies about large deals related to cloud services.
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About AWS
AWS already has users in over 190 countries and has worked with Korean companies Samsung Electronics Co Ltd (OTC: SSLNF), Amore Pacific, Daum Kakao and NCSOFT. According to Yeum, AWS’s two leading cloud services, virtual machine service EC2 and simple storage service S3, grew year-over-year by 93 percent and 102 percent, respectively, in Q4 2014.
The competition
Yeum pointed out that AWS’s growth rate and performance exceed those of IT competitors such as International Business Machines Corp (NYSE: IBM), Oracle Corp (NYSE: ORCL), and Hewlett-Packard Co (NYSE: HPQ).
In addition to Yeum’s claims that AWS is the best option for Korean businesses, he also added that it is the largest public cloud service company in the world, topping competitors Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and Microsoft Corp (NASDAQ: MSFT).
“Gartner's 2014 data showed that our server capacity is five times larger than the sum of [the] other 14 competitors following us,” Yeum explained.
Disclosure: the author holds a short position in Amazon.
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.