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.
China’s Luckin Coffee Inc. (NASDAQ:LK) made its debut on the Nasdaq Friday morning. Luckin Coffee issued 30 million shares priced at $17, the high end of its original range.
Luckin Coffee shares opened for trade at 11:08 a.m. ET. The stock opened on about five million shares at $25 per share.
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The coffee chain has been dubbed the “Starbucks of China.” It's possible the launch of Luckin Coffee could impact coffee rival Starbucks Corporation (NASDAQ:SBUX) performance in the Chinese market.
Starbucks traded around $79 per share at time of publication.
The lead underwriters on Luckin Coffee include Credit Suisse, Morgan Stanley, CICC and Haitong International.
See Also:
What The Luckin Coffee IPO Means For Starbucks
The Luckin Coffee IPO: What You Need To Know
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.