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.
After General Motors Company (NYSE:GM) unveiled the GMC Hummer EV, GM sold out of reservations of the $112,000 Hummer EV Edition 1.
When we compared it to the Cybertruck from Tesla Inc (NASDAQ:TSLA), the Hummer appeared quite expensive on the basics of its specs alone, although many believe it will excel at off-road tasks.
Now a report from Green Car Reports says GM has admitted they have not produced a physical, working version of the Hummer EV.
“Interestingly enough, we don’t have a vehicle yet,” chief engineer Al Oppenheiser said.
“We’re building our first test vehicle as we speak; the vehicle you see in the video is our display vehicle.”
Off-road vehicles like the Hummer usually go through years of real-life drive testing. With a release date approximately one year from now, this won't be possible with the Hummer EV.
Benzinga's Take: It turns out the Hummer EV from the reveal video was simulated. This may be concerning for reservation holders, and reminds us of Nikola's Badger, which is an electric pickup truck that was available for pre-order, but has only been seen via computer rendered images.
Photo courtesy of GM.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!