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.
South Korean battery maker LG Chem and rival SK Innovation Co reportedly have settled their trade secret fight.
What Happened: On Saturday, Korean battery makers LG Chem Ltd. and rival SK Innovation Co. reached a last-minute deal to avert a 10-year U.S. import ban on SK Innovation’s products, Bloomberg reports, citing people familiar with the case.
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LG Chem and SK Innovation are both suppliers of electric vehicle batteries in the U.S. for Ford Motor Company (NYSE:F) and Volkswagen Group (OTC:VWAGY).
Why It Matters: In February, the U.S. International Trade Commission banned SK Innovation’s batteries from the U.S. for 10 years.
LG Chem had accused SK Innovation of stealing its battery-making secrets to get orders from the automakers.
However, the ITC for the time being allowed SK to continue importing components for batteries for Ford’s EV F-150 program for four years and Volkswagen’s North American EVs for two years.
Photo courtesy of the Ford Motor Company.
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.