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.
Electric vehicle company Polestar could be nearing a SPAC deal to go public, according to a report from Bloomberg.
The company competes with Tesla Inc (NASDAQ:TSLA) and Lucid Motors, which is going public via Churchill Capital Corp IV (NYSE:CCIV).
What Happened: Polestar, an electric vehicle brand from Volvo AB (OTC:VLVLY) and Geely Automobile Holdings (OTC:GELYY), is exploring a SPAC deal that could value the company at $25 billion.
The company is in talks with Gores Guggenheim Inc (NASDAQ:GGPI).
Related Link: EV Maker Polestar Said To Be In SPAC Talks For U.S. Listing, Raises $550M
Why It’s Important: Sweden-based Polestar launched the Polestar 1, a plug-in hybrid, as its first model, and also has the Polestar 2, an all-electric car that entered production in March.
The company’s Polestar 3 SUV could be built in the U.S. using Volvo’s existing production plants, with a goal of introducing the vehicle to the U.S. market in 2022.
Polestar entered into an alliance with charging infrastructure company ChargePoint Inc (NYSE:CHPT) earlier this year to create seamless charging. Through the partnership, an in-car app will let Polestar 2 owners plug in the vehicle and charge with billing and payment already completed.
Seamless charging is a market dominated by Tesla through the Supercharger network, according to TechCrunch.
Polestar comes with high praise from many technology companies, including Wired calling the Polestar 2 the “Best EV there is right now” and TechCrunch saying “Polestar built a better car than Tesla.”
GGPI Price Action: GGPI shares were up 5.14% to $10.23 Thursday.
Photo: a Polestar 2. Courtesy of the company.
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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