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.
Canoo Inc (NASDAQ:GOEV) is trading higher Thursday morning after the company raised its production guidance and announced it will accelerate and shift production of its electric vehicles from Europe to the United States.
Canoo is set to begin manufacturing at its advanced industrialization facility planned for Northwest Arkansas in 2022 and remains on target to bring its mega micro factory online in Oklahoma in late 2023.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Canoo raised 2022 production guidance from 500 to 1000 units to 3,000 to 6,000 units and 2023 guidance from 15,000 units to 14,000 to 17,000 units. The company also said it is targeting 40,000 to 50,000 vehicles in 2024 and 70,000 to 80,000 vehicles in 2025.
"Canoo is now in a position to issue guidance at a time when many others in the industry are reducing targets and projections. The company has now refined its manufacturing strategy and assembled a team to execute the production roadmap for 2022 – 2025,” said Tony Aquila, chairman and CEO of Canoo.
See Also: Why Plug Power Shares Are Rising Today
Canoo is a mobility technology company that designs and manufactures electric vehicles for both commercial and consumer markets.
GOEV Price Action: Canoo has traded as high as $24.90 and as low as $5.75 over a 52-week period.
The stock was up 8.45% at $9.37 at time of publication.
Photo: courtesy of Canoo.
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.