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 automotive world is going electric. Volkswagen A G (OTC:VWAGY) has been working toward its plans for an electric future, and it looks like those plans are now clear.
Volkswagen released news that out of a total 150-billion-euro ($177.5 billion) investment, 73 billion euros ($86 billion) of that will be going toward electrification and self-driving development.
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35 billion euros will be spent on battery electric vehicles, 27 billion for software development and 11 billion for hybrid versions of existing vehicles.
“Having set the course for a battery-electric future in the Volkswagen Group early on, we are now a global leader with our electric platforms and a broad range of electric vehicles,” said Herbert Diess, CEO of the Volkswagen Group.
Benzinga's Take: This is great news for electrification in general. A big push by established automakers is needed to convert a significant amount of the global fleet to electric.
It does seem VW is coming in a bit late compared with rivals such as Tesla Inc (NASDAQ:TSLA) and General Motors Company (NYSE:GM). But better late than never.
The inclusion of hybrids also seems a bit odd, as they tend to offer the worst of both electric and gas vehicles, rather than the best.
Photo courtesy of Volkswagen.
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.