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.
- Samsung Electronics Co, Ltd (OTC:SSNLF) floated the prospect of investing ~$200 billion in 11 new chipmaking plants in Texas over the next two decades, the Wall Street Journal reports citing Texas Comptroller filings.
- Samsung could invest ~$170 billion toward nine new chip manufacturing facilities in Taylor and roughly $25 billion in Austin.
- The filings did not indicate specific plans.
- The spending proposals reflect the company's long-term planning process to evaluate the viability of further U.S. expansion.
- The update coincided with the U.S. weighing over $50 billion in subsidies to boost American-based chip production and research.
- U.S.'s dillydallying over the enactment of the CHIPS Bill prompted some semiconductor giants to stall tens of billions of dollars in potential factory projects.
- In 2021, Samsung shared plans to build its third Texas-based plant, spending $17 billion.
- In May, Samsung shared plans to invest $356 billion in the next five years to accelerate growth in semiconductors, biopharma, and other next-generation tech.
- Recently, leading contract chipmaker and Apple Inc (NASDAQ:AAPL) supplier Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) toppled Samsung to become the leading chipmaking foundry.
- Price Action: TSM shares traded higher by 0.25% at $86.73 on the last check 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.
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