27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
President Donald Trump proved he’s still got the magic touch. With fewer than 140 characters, Trump pushed Amazon.com, Inc. (NASDAQ:AMZN)'s stock lower Wednesday in pre-market trading.
“The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!” he tweeted.
The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!
— Donald J. Trump (@realDonaldTrump) June 28, 2017
The stock immediately plunged about $8 per share before recovering by the market open.
It’s not the first time Trump has targeted Amazon for its relationship with The Washington Post. In May 2016, he accused Amazon CEO and Founder Jeff Bezos, also owner of The Post, of anti-trust violations and tax conspiracy.
“[Amazon] is getting away with murder tax-wise,” he told Fox New’s Sean Hannity. “He’s using The Washington Post for power so that the politicians in Washington don’t tax Amazon like they should be taxed.” Prior to that, the pair sparred on Twitter Inc (NYSE:TWTR) over the matter.
The @washingtonpost, which loses a fortune, is owned by @JeffBezos for purposes of keeping taxes down at his no profit company, @amazon.
— Donald J. Trump (@realDonaldTrump) December 7, 2015
Finally trashed by @realDonaldTrump. Will still reserve him a seat on the Blue Origin rocket. #sendDonaldtospace https://t.co/9OypFoxZk3
— Jeff Bezos (@JeffBezos) December 7, 2015
Shares closed down nearly $5 that day and entertained an intraday range of $15.
Amazon isn't the first stock proven vulnerable to Trump’s flightly fingers. Since his entry into politics, Trump has used his personal Twitter account to convey sentiment on various American institutions, such as The New York Times Co (NYSE:NYT), Boeing Co (NYSE:BA), Lockheed Martin Corporation (NYSE:LMT), Nordstrom, Inc. (NYSE:JWN) and General Motors Company (NYSE:GM).
Related Links:
Days After Nordstrom Cut Ties With Ivanka, President Trump Attacks Retailer
I Read The Tweets Today, Oh Boy: A WEek In The 140-Character Life Of Donald Trump
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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