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.
Chip-related stocks, including Apple Inc (NASDAQ:AAPL)-supplier Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) and Samsung Electronics Co Ltd (OTC:SSNLF), tanked on Tuesday morning as traders and investors returning from holiday digested the Biden administration’s new curbs on China’s access to U.S. semiconductor technology.
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Taiwan Semiconductor shares dropped as much as 7% in morning trade on the island, while Samsung shares fell close to 4% in Korea. SK Hynix Inc. (OTC:HXSCL) slid over 3% in morning trade, while Tokyo Electron Ltd. (OTC:TOELY) shares shed over 5%.
The Philadelphia Stock Exchange Semiconductor Index (NASDAQ:SOX) fell 3.5% on Monday to hit its lowest level since November 2020, reported Bloomberg.
In addition to restricting U.S. sales of semiconductor technology to China, the new rules also require foreign companies to license American tools used to produce high-end chips sold to China.
Expert Take: Jefferies Financial Group Inc. (NYSE:JEF) analysts wrote in a note that the new rules may increase some of the headwinds around China businesses in two areas: restrictions on a broader group of supercomputer chips, and restrictions on multinational capital investment in China, the report said.
Read Next: What New China Semiconductor Restrictions Mean For US Investors
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.