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.
Shares of Paypal Holdings Inc (NASDAQ: PYPL) sold off around 2:00 pm EDT after Apple Inc. (NASDAQ: AAPL) announced, in its ongoing Worldwide Developers Conference (WWDC), that its payments service, Apple Pay, previously available in a few iOS apps and brick and mortar retail stores, was finally coming to the World Wide Web.
Related Link: Brian White Reiterates Apple As Top Pick Ahead Of WWDC, Previews Event
Going forward, Mac users will not only have access to Siri, but will also be able to make online payments via Safari by just clicking on an integrated “Pay with Apple Pay” button. But, don’t worry about security: payments will all be authenticated via your smartwatch or phone’s Touch ID. Apple assured that it has already signed agreements with a substantial number of merchants, to offer the option of paying through this platform.
Related Link: Apple Failing To Impress Shareholders So Far At WWDC
This is a clear move on PayPal, the current leader in the online payments arena. Analysts have argued that, although PayPal counts on the advantage of “path dependency” – which means customers and merchants are already used to using it, Apple Pay could gain traction on the back of what seems like a faster checkout process.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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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