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 auto-makers including Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) are trading lower following reports suggesting the NHTSA has opened a safety probe over potentially dangerous Takata air bag inflators into 30 million vehicles produced by nearly two dozen automakers.
Weakness also possibly in sympathy with overall market as investors weigh continued concerns over COVID-19, the Feds two-day meeting and a sell off in Chinese equities.
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According to a Reuters report, there has been more than 67 million Takata air bag inflators have been recalled in the United States and more than 100 million worldwide.
'NHTSA has said the cause of the inflator explosions tied to the recall of 67 million inflators that can emit deadly fragments is propellant breaking down after long-term exposure to high temperature fluctuations and humidity. The agency has required all similar Takata without a drying agent to be recalled,' also said in the report.
General Motors' stock was trading about 4% lower at $49.27. The stock has a 52-week high of $64.30 and a 52-week low of $28.24.
Ford Motors' stock was trading about 3.6% lower at $13.06. The stock has a 52-week high of $16.45 and a 52-week low of $6.41.
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.