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.
Nikola’s Stock Price And Volume Action
Nikola’s (NASDAQ:NKLA) stock has been falling Wednesday, down 9.46% to a price of $15.2. Wednesday the stock has been traded at a volume of 16.38 million, about 67.23% of its recent 30-day volume average of 24.37 million.
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Why It’s Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Nikola shares are trading lower after the company and Republic Services discontinued their collaboration on refuse truck development.
Further Analysis of Recent Price Action
The 50-day moving average price of Nikola’s stock was $20.82 when this article was published. The stock reached a high of $93.99 and a low of $16.01 in the past 52 weeks.
If you’re looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving’ alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.
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.