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.
Shares of Solaredge Technologies Inc (NASDAQ:SEDG) are trading higher following the Senate’s passage of the Inflation Reduction Act.
Why Is It Moving?
The House must approve the bill before President Joe Biden can sign it into law.
While it is titled the Inflation Reduction Act, it accomplishes so much more. It includes tax breaks for domestic renewable energy companies and will increase healthcare benefits for both Medicare and the Affordable Care Act.
Therefore, Solaredge is trading higher since the company now qualifies for federal tax breaks which will boost net profits. The act includes $113 Billion in tax breaks to encourage production of renewable energy plants.
“The clear winners are clean energy, solar and other renewables,” said US Bancorp (NYSE:USB) senior investment strategy director Robert Haworth.
Price Action: Shares are up 2.71% as the price climbs to $324.04 during Monday’s pre-market session, according to Benzinga Pro.
Photo: Courtesy of Nuno Marques on Unsplash
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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