27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Uber Technologies Inc (NYSE:UBER) is looking to sell its self-driving unit, TechCrunch has reported.
What Happened: Uber’s Advanced Technologies Group has been negotiating the sale with Aurora Innovation, a self-driving technology startup. According to three people involved in the deal, the discussions started in October, and they are “far along.”
The ATG unit is currently valued at $7.25 billion, with investors like SoftBank Group (OTC:SFTBF)’s Vision Fund and Toyota (NYSE:TM).
Aurora Innovation provides software, data services and hardware, according to the company’s website. It is led by executives who previously worked at Tesla Inc (NASDAQ:TSLA), Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) and Uber.
Why It Matters: Uber has had a turbulent year, with the Q3 earnings report showing an 18% revenue loss.
Earlier this year, it lost a deal with Chicago-based GrubHub Inc (NYSE:GRUB) that would have potentially brought its food delivery business to an international scale. Grubhub partnered instead with a European company, Just Eat Takeaway, in a $7.3. billion deal.
Election Day in California brought the company betters news, though. Voters approved Proposition 22, letting gig-economy employers off the hook when it comes to providing benefits such as sick pay to workers.
Price Action: Uber shares traded at $48.40, with a 1.66% gain, in after-hours markets.
Image Source: Wikicommons
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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