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.
The investment arm of the Canada Pension Plan has taken a US$115 million stake in the Indian logistics firm Delhivery.
The Canada Pension Plan Investment Board (CPPIB) will get a seat on Delhivery's board as part of the deal, which was announced Sept. 9.
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The investment from CPPIB marks an important step for Delhivery, a third-party logistics provider that surpassed the $1 billion valuation mark earlier this year. CPPIB is one of the world's largest sovereign wealth funds, managing more than C$400 billion for Canada's largest public pension plan.
While Delhivery represents a tiny portion of CPPIB's portfolio, including nearly C$10 billion in India alone, it exposes the fund to a rapidly growing sector.
"The continued strong growth of e-commerce has generated significant opportunities in India's express logistics space for long-term investors such as CPPIB, and we are pleased to partner with a market leader," Deborah Orida, senior managing director and global head of active equities for CPPIB, said in a statement.
Delhivery provides logistics services across India, including parcel, truckload and less than truckload. The company said it completed its 500 millionth shipment recently.
Indian regulators approved the deal in August.
Image Sourced from Pixabay
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.