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.
- Ford Motor Company (NYSE:F) and China's Contemporary Amperex Technology Co Ltd (CATL) are planning to build a battery production plant in Michigan.
- Michigan and Virginia have emerged as potential spots for the multibillion-dollar facility, Bloomberg reported.
- The new facility will likely supply lithium iron phosphate batteries for Ford's electric models.
- The report noted that Ford might own 100% of the plant along with the building and infrastructure, while CATL will be in charge of cell technology and operations.
- Also Read: Automakers, South Korea Nudge US To Consider Commercial EV Tax Credit
- The move to build a U.S. plant is to avail production tax credits under the new Inflation Reduction Act with no direct financial investment from CATL.
- "It is incredibly important to own the battery value chain, there's no doubt," the report cited Lisa Drake, Ford's vice president of EV industrialization.
- CATL has been mulling to set up production in Mexico and the U.S. to supply cells to automakers.
- Also Read: Ford Registers 7.8% Drop In November US Sales; EVs Jump 103%
- Price Action: F shares are trading lower by 1.04% at $13.34 in premarket on the last check Thursday.
- Photo Via Company
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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