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.
- Toyota Motor Corp (NYSE:TM) plans to produce about 800,000 vehicles in October, about 100,000 vehicles short of the previously announced production estimate.
- The company attributed the decision to the impact of semiconductor shortages resulting from the spread of COVID-19.
- Toyota had previously estimated an average monthly vehicle production of 900,000 units for three months (September through November).
- The global production plan for October through December is planned to average approximately 850,000 units per month.
- Also Read: TSMC Chief Blames Low-End Chips For Hindering Supply Chain
- However, the company has not changed the financial year forecast of 9.7 million units.
- The latest cut is seen as a worrisome sign as the auto giant continues to reel under shortage in the key vehicle component and wider supply chain disruptions.
- Price Action: TM shares are trading higher by 0.31% at $138.00 in premarket on the last check Thursday.
- Photo Via Wikimedia Commons
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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