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.
- Honda Motor Co Ltd (NYSE:HMC) and LG Energy Solution (LGES) has formally established their battery joint venture (JV).
- The JV will produce lithium-ion batteries for electric vehicles (EVs) produced by Honda.
- The JV will begin construction of a new battery plant early this year with the goal of completion by the end of 2024.
- The parties aim to start mass production of advanced lithium-ion battery cells by the end of 2025, with a production capacity of 40GWh.
- Also Read: Sony, Honda Unveil EV Prototype 'Afeela' With Qualcomm Technology
- All batteries produced by the new JV will be supplied exclusively to Honda plants in North America to power battery-electric vehicles sold in North America.
- LGES and Honda have committed to investing $3.5 billion and creating 2,200 jobs to establish the new production facility.
- The companies' overall investment related to the JV is projected to reach $4.4 billion.
- Also Read: What's The Ideal Time To Charge EVs? This Toyota - WattTime Partnership Gives An Idea
- Price Action: HMC shares are trading higher by 0.50% at $24.22 in premarket on the last check Friday.
- 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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