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.
BlackRock, Inc (NYSE:BLK)-backed electric vehicle (EV) startup Arrival Ltd is slated for a Nasdaq debut via a special purpose acquisition company (SPAC) merger.
- According to Bloomberg, it intends to merge with CIIG Merger Corp (NASDAQ: CIIC), joining the likes of Nikola Corp (NASDAQ: NKLA), Lordstown Motors Corp (NASDAQ: RIDE), and Fisker Inc (NYSE: FSR).
- The above three EV companies' stock prices have suffered massive blows on the legacy automakers' aggressive expansion plans into the EV space.
- The 2015 London-based van and bus maker plans to develop EVs using its parts, components, and technologies for quicker adaptation to demand changes, cost reduction, and margin boost.
- The company's electric van would begin public-road trials this summer, with an expected full production kick-off in the third quarter of 2022. The company's bus would undergo a test run with a British transport operator this fall.
- EV companies, including Lucid Motors Inc, Lion Electric Co, and Xos Trucks Inc, are also planning their trading debuts.
- Price action: CIIC shares traded lower by 6.76% at $22.24 on the last check Wednesday.
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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