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.
Suppliers of Apple Inc. (NASDAQ: AAPL) have initiated wide-scale hirings to build iPhone 7 series, according to a report on CNBC.
The report cited a job ad on the website for Foxconn's Zhengzhou, China, factory, which read, "Foxconn Zhengzhou is hiring a large number of ordinary workers. Welcome to join Foxconn: Age between 18–40. Overall monthly salary: 3,800 renmimbi. Start working immediately."
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The report also noted a Taiwan's Economic Daily News piece saying that Foxconn and Pegatron, another Apple supplier, had ramped up hiring as they prepared to assemble the newest model iPhones.
Economic Daily News report noted that "both suppliers had kicked off their recruitment seasons at least a month earlier than in previous years in which Apple has launched new iPhones, and that it was the first time in two years that Foxconn had started recruiting on the mainland as early as May."
The reason cited was the complex design of iPhone 7, meaning that suppliers would need to start working on the parts earlier than they had for previous iterations.
The launch of iPhone 7, probably in September, is widely anticipated to reinvigorate Apple's growth, as the company reported sales decline in iPhones last quarter.
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.