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.
There's been an interesting hashtag making the rounds this weekend. Unfortunately for Twitter Inc (NYSE: TWTR), it's not the type of worldwide trend it's looking for.
BuzzFeed reported late Friday that Twitter will begin using an algorithmic timeline, possibly as soon as this week.
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"The timeline will reorder tweets based on what Twitter’s algorithm thinks people most want to see, a departure from the current feed’s reverse chronological order," BuzzFeed said. "It is unclear whether Twitter will force users to use the algorithmic feed, or it will merely be an option."
The hashtag #RIPTwitter began trending Saturday morning. As user Ivica Milaric Tweeted, "Hey @twitter I enjoy it here, but a filter algorithm is one more step on the FB clone road. Innovation is the way out, not this #RIPTwitter".
Related Link: Facebook, Twitter Or LinkedIn: Which Would You Make A Long-Term Investment In Right Now?
BuzzFeed went on to note its report last summer, "an algorithmic timeline represents a way for Twitter to elevate popular content, and could solve some of Twitter’s signal-to-noise problems. It is also widely assumed to be anathema to the platform’s typically vocal power users."
Twitter's stock has stumbled over the past year, as traders and investors continue to worry about (among other things) how the social media site can growth its slowing user base. Meanwhile, Facebook Inc (NASDAQ: FB) recently boasted about its billion-person reach on multiple platforms.
"CEO Jack Dorsey is determined to make Twitter more user friendly and intuitive for people just starting out with the service," The Verge noted. "If Twitter can nail the execution (that's a massive if), this could in many ways make the product more valuable for more people."
Twitter shares closed Friday at $15.72, down 7 percent amid a broad market selloff, particularly in the tech sector. The company is scheduled to release its latest earnings report on February 10.
Image Credit: Public Domain
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.