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.
The latest data from TickerTags indicates that World Wrestling Entertainment, Inc. (NYSE: WWE)’s Wrestlemania 32 set more than just attendance records. Social media was buzzing about the event at record levels as well.
TickerTags monitors social media sites to identify trends by searching for words or phrases that appear together in social media content, such as tweets.
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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This year’s Wrestlemania attendance came in at 101,763, up 32 percent from last year’s Wrestlemania. As it turns out, social media mentions of the event were up even more than that. Tweets related to Wrestlemania were up 38 percent compared to last year during the show and up more than 50 percent for the entire Wrestlemania week.
Related Link: Watching Wrestlemania? Here Are The 10 Highest-Paid WWE Performers
The company was likely thrilled to see that organic social media mentions of “WWE NXT” and “WWE Network” were also up significantly from a year ago. WWE NXT mentions were up a staggering 267 percent year-over-year, while WWE Network mentions were up 11 percent.
The bad news for WWE is that nearly half (48 percent) of all social media mentions of the WWE Network during Wrestlemania were negative, with many customers expressing disappointment in the stream quality and buffering issues.
Since Wrestlemania 32 aired on April 3, WWE’s stock is down 2.4 percent.
Disclosure: the author holds no position in the stocks mentioned.