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.
- Deswell Industries Inc (NASDAQ:DSWL) acquired new manufacturing equipment at its electronics and plastics divisions.
- It acquired two Panasonic SMT (Surface Mount Technology) placement systems for the electronic division for CNY2.6 million.
- It also acquired two HaiTian new generation 800 tons injection molding machines with 2 Star Seiki high-speed five-axis servo robots for the plastic division for CNY2.8 million.
- Deswell expects to install the new equipment at the respective manufacturing facilities in August 2021.
- Deswell held $20.2 million in cash and equivalents as of Mar. 31, 2021.
- Price action: DSWL shares traded lower by 0.48% at $4.77 on the last check Thursday.
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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