Shareholders Match Benioff's Fitbit Confidence


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.


Shareholders were pleased as traders passed around an SEC filing that revealed Salesforce CEO Mark Benioff has a 5% common stock stake in Fitbit Inc (NYSE: FIT) with 5.3 million shares Wednesday morning.
Benioff has been a fan of Fitbits and wearable technology for years, with Business Insider reporting he would give Salesforce management the devices as gifts. Benioff championed the activity-tracking smartwatch as early as 2008.

Fortune reports that Benioff sees the product's "intimate" relationship with the customer as a potential model for other tech companies.

Fitbit shares were up 6 percent with the news Wednesday morning.


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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