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 U.S.-listed Chinese electric automakers Nio Inc. (NYSE:NIO), Xpeng Inc. (NYSE:XPEV), and Li Auto Inc. (NASDAQ:LI) struggled in Hong Kong on Wednesday.
| Stock | Movement (+/-) |
|---|---|
| Nio Inc | -1.21% |
| Xpeng Inc | -1.91% |
| Li Auto Inc | -0.60% |
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Macro Factors: The overall Hang Sang Index continued its downtrend amid weak global cues and a grueling lockdown in Shanghai.
The Shanghai COVID-19 lockdown has disrupted production for electric-vehicle makers such as Tesla Inc (NASDAQ: TSLA) and Nio, potentially hitting their bottom lines. The Chinese government has vowed to keep existing protocols in place until infections fall rapidly, but cases are still skyrocketing.
Shares of the U.S.-listed Chinese electric automakers had a subdued closing on the American bourses too.
Company In The News: A Chinese business inquiry platform Tianyancha showed on Tuesday that Ideal Innovation Lab Technology (Jiangsu) Co., Ltd. was established on April 7. The shareholder information showed that the firm is wholly owned by electric-vehicle maker Li Auto.
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.