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.
Cathie Wood-led Ark Investment Management on Friday bought 126,360 shares — estimated to be worth about $994,453 — in Velo3D Inc (NYSE:VLD), on the dip.
Shares of the 3D company, which went public last month via a merger with special purpose acquisition company Jaws Spitfire Acquisition Corp, closed 1.75% lower at $7.87 on Friday.
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The Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) bought the shares in Velo3D, a 3D printer supplier for SpaceX. Besides ARKQ, the Ark Space Exploration & Innovation ETF (BATS:ARKX) also owns shares in Velo3D.
Together the two ETFs held 4.41 million shares, worth $35.39 million, in Velo3D ahead of Friday's trade.
SpaceX is a space exploration company led by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk.
See Also: Cathie Wood Just Bought Another $402K In This Supplier Of Elon Musk-Led SpaceX
Here are a few of the other key trades for Ark on Friday:
Bought 48,448 shares — estimated to be worth $6.55 million — in Teladoc Health Inc (NYSE:TDOC). Shares of the telemedicine healthcare company closed 1.08% lower at $135.40 a share on Friday.
Sold 153,997 shares — estimated to be worth $6.75 million — in NanoString Technologies Inc (NASDAQ:NSTG). Shares of the biotech company closed 1.42% lower at $43.82 a share 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.