February 11, 2016 12:06 PM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
(NYSE: BABA) acquired on Wensday a minority stake in SM Entertainment, a South Korea-based record label, talent avency and entertainment provider.SM Entertainment is one of the biggest record labels in the "K-pop," or Korean pop industry.According to an English-translation of SM Entertainment's
press release, Alibaba acquired a 4 percent stake in the company for $29.7 million. The company also commented that the partnership will bring South Korean music and related merchandising to China through Alibaba Music Group."Through this partnership, we'll synergize in various fields, including China's digital music industry,"
SM Entertainment said in a statement. "We'll continue to localize and expand our business in China."Shares of Alibaba were trading lower by 1.85 percent at $60.64 late Thursday morning.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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