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.
- Romeo Power Inc (NYSE:RMO) has entered into a long-term supply agreement for lithium-ion battery cells with LG Energy Solution, Ltd.
- Under this long-term supply agreement, LG Energy has committed to supplying cells to Romeo Power that equal 8GWh of energy through 2028.
- Romeo Power will use the allocated cells to manufacture battery packs for ~29,000 electric vehicles sold or operated by its customers.
- Romeo Power will facilitate LG Energy's build of an additional assembly line in Ochang, Korea, through a recoupable pre-payment of $64.7 million. The agreement became effective on August 10, 2021.
- Price Action: RMO shares traded higher by 8.26% at $7.47 during the premarket session on Friday.
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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