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.
Shares of several companies in the broader automotive industry, including Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) and Nio Inc - ADR (NYSE:NIO) are trading lower Thursday morning amid continued chip shortages, causing companies to cut and halt production.
Shares of Nio are also trading lower amid further regulatory concerns in China.
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Ford manufactures automobiles under its Ford and Lincoln brands. The company has about 14% market share in the United States and about 7% share in Europe.
Ford is trading lower by 2.7% at $12.66.
GM remains the automotive market leader in the U.S. with a 17.3% share in 2020.
GM is trading lower by 3.7% at $48.94.
Nio operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence.
Nio is trading lower by 4.2% at $37.24.
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.