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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Spark Networks has experienced several management issues and missteps, which sent the stock down 44 percent in the past year. JSwipe is a bright spot in the company's portfolio, a popular app among millennials in the Jewish community. The app has seen its global user count reach 700,000, up from 450,000 in 2015. The app was launched in 2014.
The problem for Spark was, however, JSwipe's free service likely cannibalized Spark's Jewish Network's total business (including paid service JDate), which saw a decline of 22 percent year-over-year in Q1.
The company is hoping to turn some of its JSwipe users into paying customers with the rollout of its First Class feature, a monthly $18 premium subscription. First Class attempts to monetize a highly engaged dating community.
Many free dating apps are rolling out premium subscriptions services that allow users special features and more visibility for their profiles.
Spark Networks releases its Q2 results Thursday after market close.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!
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.