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.
Technology companies have been scrambling to prepare for the next generation of technology by acquiring machine intelligence startups. The most recent notable transaction occurred on Monday when Microsoft Corporation (NASDAQ: MSFT) announced it has acquired Genee.
Genee is an artificial intelligence-powered scheduled service that simplifies the often time-consuming task of scheduled and rescheduled meetings.
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!
According to Microsoft's official announcement, Genee "uses natural language processing and optimized decision-making algorithms so that interacting with a virtual assistant is just like interacting with a human one."
The Hows Behind Genee
Here is how the technology works. Suppose a business owner needs to schedule a meeting with a client to discuss business. An e-mail is sent to the client, but Genee works in the background and will streamline the process by emailing directly with the client on the user's behalf and find appropriate options that fit in with the user's schedule and preferences.
As noted by Recode, Microsoft's acquisition actually marks the third time this month alone that a large tech player acquired an artificial intelligence startup. Intel Corporation (NASDAQ: INTC) acquired Nervana Systems, a deep learning startup, and Apple Inc. (NASDAQ: AAPL) "quietly" acquired Turi, a machine learning company that will help users explore songs, apps and news.
Microsoft will integrate its newly acquired technology into Office and Office 365.
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.