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.
Apple Inc (NASDAQ:AAPL) supplier Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) has secured a key approval to build its most advanced semiconductor chip facility yet, Nikkei Asia reported on Wednesday, citing sources.
What Happened: TSMC received the final nod to build a 2-nanometer chip facility in Hsinchu, a key chipmaking hub in Taiwan, from the government and academic environmental regulatory body The Environmental Review Committee.
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The construction will begin early next year and production equipment will be installed by 2023, Nikkei Asia noted.
See Also: Apple Supplier TSMC Explores Making First EU Chip Plant In Germany
The approval follows U.S. chipmaker Intel Corp’s (NASDAQ:INTC) pledge on Tuesday to make the world's most advanced chips by 2024. The U.S.-based Intel is both a client and a competitor to Taiwan-based TSMC which is the world’s largest contract chipmaker.
Why It Matters: Chip-making companies are pouring in billions to develop smaller and quicker semiconductor chip technologies that vastly improve the computing prowess of appliances, smartphones, transportation systems, and critical infrastructure.
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See also: How To Buy Apple Stock
The development drew a comment from Tesla Inc (NASDAQ:TSLA) CEO Elon Musk who said the industry should count the number of atoms and get rid of the nm nomenclature.
At this point, just count atoms & dispense with nm
— Elon Musk (@elonmusk) July 28, 2021
Intel reportedly is going to stop referring to its latest generation of manufacturing technology based on the size of its semiconductor transistors, a departure from the traditional chip naming based on the size of the transistors on its semiconductors.
Price Action: TSMC shares closed 1.35% higher at $115.07 on Wednesday.
Photo: Courtesy of TSMC
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.