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.
Chinese electric vehicle maker Xpeng Inc. has signficantly increased the target for its United States initial public offering, Reuters reported Wednesday.
What Happened: The Chinese vehicle maker originally planned to issue 85 million American Depository Shares at a price range between $11 to $13 per share targeting a $1.1 billion proceeds.
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Based on the Reuters report, the company could now issue 99.7 million shares at a price of $15 to raise $1.5 billion. The underwriters for the IPO will have an option to exercise an over-allotment option to purchase additional shares worth $224 million.
Why It Matters: To date, Xpeng has raised close to $2.6 billion from multiple prominent investors through private placements.Chinese e-commerce giant Alibaba Group Holdings (NYSE:BABA) is one of the investors in the EV startup.
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Elon Musk-led rival EV maker Tesla Inc. (NASDAQ:TSLA) has accused Xpeng of stealing its Autopilot source code through a former employee, as reported by Electrek.
Photo courtesy: Jengtingchen via Wikimedia
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.