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.
- DAQO New Energy Corp's (NYSE:DQ) subsidiaries Xinjiang Daqo and Inner Mongolia Daqo forged a five-year high-purity polysilicon supply agreement with Shuangliang Silicon Materials (Baotou) Co, Ltd, a subsidiary of Shuangliang Eco-Energy to supply its fast-growing solar wafer business.
- The financial terms of the transaction remain undisclosed.
- Xinjiang Daqo and Inner Mongolia Daqo will provide Shuangliang with 150,300 MT of high-purity mono-grade polysilicon from November 2022 to December 2027.
- Daqo CEO Longgen Zhang commented, "We expect the demand for high-purity mono-grade polysilicon to remain strong, especially as the market gradually switches to the next generation of N-type technology. "
- Daqo's second-quarter FY22 revenues were $1.24 billion, up from $441.4 million a year ago, beating the consensus of $1.15 billion.
- EPS of $8.18 beat the consensus of $6.13.
- Price Action: DQ shares traded higher by 3.08% at $52.20 in the premarket on the last check Friday.
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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