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 Tuesday bought 24,400 shares — estimated to be worth about $137,616 based on the latest closing price — in Velo3D Inc (NYSE:VLD), the 3D company that went public last year via a merger with special purpose acquisition company Jaws Spitfire Acquisition Corp.
Shares of Velo3D closed 3.87% higher at $5.6 on Tuesday. The stock is down 28% year-to-date. Ark bought the shares in the 3D printer supplier for SpaceX — the space exploration company led by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk — via the Ark Space Exploration & Innovation ETF (BATS:ARKX).
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See Also: Cathie Wood Buys Another $800K In This Elon Musk-Led SpaceX's 3D Printing Partner
The Ark Autonomous Technology & Robotics ETF (NYSE:ARKQ) too owns shares in Velo3D.
Both ARKQ and ARKX together held 6.9 million shares, worth $37.6 million, in Velo3D ahead of Tuesday's trade.
Photo: Courtesy of Velo3D
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.