February 10, 2011 12:22 PM | 1 min read |
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.
Call of Duty for a monthly fee? Not just yet.While rumors persist that Activision Blizzard (NASDAQ: ATVI) is trying desperately (perhaps secretly) to convert the Call of Duty series from a $60 disc to a subscription-based offering, the company's CEO barely acknowledges the idea.“We don't spend a lot of time thinking about how to convert Call of Duty to a subscription model,” Bobby Kotick told CNBC this morning.However, Kotick also said that he believes that people are willing to pay for content if you give them something spectacular. Could this be his subtle way of admitting that Activision would like to explore a subscription-based model? Or is this merely a defense of the company's high price for DLC (downloadable content)?During the interview, Kotick also took a moment to defend the company's decision to
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.
abandon the Guitar Hero franchise.“We have a lot of bets,” Kotick said. “We try to focus our resources on [games] that have the ability to excite [our] audiences.”When a CNBC reporter asked if the lack of violence played a role in Guitar Hero's decline, and if the prevalence of violence in Call of Duty helped boost its success, Kotick said, “I don't think there's any connection between the success of Call of Duty and the lack of success for Guitar Hero.”
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