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.
Rivian Automotive Inc (NASDAQ:RIVN) shares are trading higher by 5.5% to $20.80 Thursday afternoon. Shares of companies in the broader auto & auto component space are trading higher amid overall market strength following strong fourth-quarter earnings from Meta. Wednesday's Fed decision to raise rates by 25 basis points has also helped lift stocks.
Rivian shares may also be seeing strength during Thursday's session amid both General Motors Company (NYSE:GM) earnings results and Ford Motor Company (NYSE:F) reporting earnings following the market close.
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See Also: Trading Strategies For Ford Stock Before And After Q4 Earnings
What Happened With This Week's FOMC Meeting?
Wednesday's 0.25% rate hike brings the target fed funds rate to a new range between 4.5% and 4.75%, the highest levels seen since before the 2008 financial crisis.
The move was in line with average economist expectations and comes in the wake of a downshift from the Fed in December. At its last meeting, the central bank opted for a 0.5% hike, which was preceded by four straight 0.75% rate hikes...Read More
See Also: Federal Reserve Downshifts To 0.25%: Central Bank's Pace Of Interest Rate Hikes Slows With Inflation
RIVN has a 52-week high of $71.50 and a 52-week low of $15.28.
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.