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.
Chipotle Mexican Grill, Inc. (NYSE:CMG) has invested in the $500 million Series C funding round for Nuro, an autonomous delivery service.
What Happened: Nuro operates a fleet of occupant-free, self-driving robotic vehicles that deliver goods and merchandise to consumers. Last December, Nuro became the first company to receive a permit from the California Department of Motor Vehicles to deploy autonomous vehicles on public streets in two counties. The company's R2 autonomous delivery vehicle also received a federal exemption from the U.S. Department of Transportation and National Highway Traffic Safety Administration to operate without a driver and occupants on public roads in California, Texas and Arizona.
Related News: Why Chipotle Is Expanding Further Into Canada
Why It Happened: Chipotle did not disclose the level of its investment in the funding round, although in a press statement it noted that its digital business grew by 174% year-over-year during 2020, with roughly half of those sales coming from delivery orders.
"We are always seeking opportunities that provide innovative solutions for increasing access and convenience for our guests," said Curt Garner, Chipotle's chief technology officer. "Nuro could change the traditional delivery model and we believe consumers are going to continue to seek options and additional access points for how and where they enjoy their food."
Related Link: Cramer Highlights Chipotle: 'Incredible Numbers' Lifted Stock To New Highs
(Photo courtesy Nuro)
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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