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.
Volkswagen Group (OTC:VWAGY) said on Thursday it plans to install up to 8,000 fast charging points for electric vehicles across Europe in partnership with the U.K.-based oil major BP Plc (OTC:BPAQF).
What Happened: The deal will see BP deploy the mobile chargers made by Volkswagen at its network of petrol stations.
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Up to 4,000 charge points are planned within 24 months in Germany and the U.K., and the rest in other European countries by the end of 2024.
The chargers will have a capacity of about 150 kilowatts (kW) and can deliver about 100 miles after just over 10 minutes of charging.
“Our flexible battery-based chargers can be installed rapidly in bp's locations, as they do not require high power grid connections,” the German automaker said.
See Also: Tesla Said To Be Opening Up Supercharging Network To All EV Owners In UK Soon
The network will be available to other EV owners as well, the companies said in a statement.
Rival Tesla Inc (NASDAQ:TSLA) has been opening up its supercharger network to all EVs since November last year.
Why It Matters: Volkswagen is stepping up its EV game in Europe as Tesla starts local production in Germany, a move that will boost its market share significantly.
See Also: Tesla's Giga Berlin Is Just Over 120 Miles From Volkswagen's Plant — But CEO Diess Isn't Worried
The Elon Musk-led company’s gigafactory is just about 200 km (124 miles) from Volkswagen's home turf and is expected to produce half a million vehicles a year once fully ramped up.
Price Action: VWAGY closed 1.8% higher at $22 on Thursday.
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.