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.
- Intel Corp (NASDAQ: INTC) disclosed an additional investment plan of $600 million in Israel to expand its research and development (R&D). It also confirmed spending $10 billion on a new chip plant during CEO Pat Gelsinger’s one-day visit to the country, Reuters reports.
- The first phase of the plant construction has commenced.
- Intel will invest $400 million to convert the Jerusalem Mobileye headquarter into an R&D campus for developing autonomous car technologies.
- The chipmaker will also invest $200 million in building an R&D center, called IDC12, in the northern port city of Haifa next to its current development center.
- The chip design facility will have a 6,000-employee capacity.
- Intel’s Israeli acquisitions include Mobileye for over $15 billion in 2017, artificial intelligence chipmaker Habana for $2 billion in 2019, and Moovit for $1 billion in 2020.
- Israel’s Finance Ministry announced a $1 billion grant to Intel in early 2019 for building an $11 billion chip plant.
- Intel Israel’s exports grew to 21.2% to $8 billion in 2020, accounting for 2% of Israel’s GDP.
- Intel is the largest employer of Israel’s tech industry, with around14,000 workers.
- Price action: INTC shares traded lower by 0.50% at $57.24 on the last check Monday.
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.
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