27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Volkswagen Group (OTC:VWAGY)-owned Porsche saw a sharp rise in North America sales last year despite ongoing global supply headwinds and as customers lapped up the premium electric Taycan, Electrek reported.
What Happened: Porsche Cars North America sold 70,025 vehicles last year, a jump of 22.2% over 2020.
The sales jump was also 14% higher than 2019 — the year immediately preceding the pandemic.
Sales for the electric Taycan lineup more than doubled in 2021.
Porsche sold a total of 9,419 Taycans last year, a jump of 113% over 2020 when it sold 4,414 units.
The Taycan was also Porsche’s fourth best-selling car last year behind 911 and 718.
The Taycan comes in three options; Sedan, Sports Turismo and Cross Turismo.
The sedan version goes on sale at $82,700 and is also the most affordable in the lineup. The Sports Tursimo and the Cross Turismo are priced at $133,300 and $93,700, respectively.
See Also: Porsche CEO: Electric Vehicles Will Make Up Most Of Company's Sales By 2030
Why It Matters: Porsche’s electric Taycan competes with Tesla Inc’s (NASDAQ:TSLA) Model S. The automaker known for iconic brands such as the 911 launched the Taycan in 2019 with a sedan variant and added the other two variants later.
Porsche aims to switch 80% of its lineup to electric vehicles by 2030.
Over the last year, automakers like Audi, Jaguar and Porsche have added new models in their electric vehicle segments.
Price Action: VWAGY shares closed 0.7% lower at $31 a share on Wednesday.
Photo: Courtesy of Porsche
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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