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.
- Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) weighed building its second chipmaking plant in Japan in southwestern Kumamoto prefecture, entailing an investment of over 1 trillion yen ($7.4 billion).
- The vital Apple Inc (NASDAQ:AAPL) supplier's second plant will likely be completed in the late 2020s and could use more advanced 5-nm or 10-nm manufacturing processes, Bloomberg reports.
- TSMC's first plant in Japan, likely to come online in late 2024, is also in Kumamoto.
- TSMC is reportedly in negotiations for government subsidies and investment from customers.
- Washington agreed to dole out over $50 billion in incentives for chipmakers to set up operations in the U.S. At the same time, Japan will likely provide similar subsidies to expand its semiconductor production base.
- TSMC proposed to work with Sony Group Corp (NYSE:SONY) on its new facilities in Japan.
- Price Action: TSM shares closed higher by 3.74% at $90.08 on Thursday.
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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