October 12, 2015 6:51 AM | 1 min read |
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.
58.com Inc. (NYSE: WUBA) today announced the signing of a definitive shares subscription agreement ("SPA") for a US$300 million Series A equity funding round for 58 Daojia Inc., the 58 Home subsidiary of 58.com, with participation from Alibaba Group Holding Limited ("Alibaba"), global investment firm KKR and Ping An Group ("Ping An"). The transaction is subject to customary closing conditions.Founded in September 2014, 58 Home is a multi-category local services platform in China. It provides information on and access to high-quality offline services such as cleaning, moving, babysitting, beauty care, and many other categories in approximately 30 cities in China. With its location-based order processing system, 58 Home's platform directly connects customers to the nearest independent service providers. Following the completion of this Series A equity funding, 58.com will maintain majority ownership of 58 Home. With the proceeds from this equity funding, which values 58 Home at over US$1 billion on a fully-diluted basis post-investment, 58 Home intends to continue to enhance the platform with further investments in marketing, research and development, and other operating initiatives. It
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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.
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