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.
- Lordstown Motors Corp (NASDAQ:RIDE) reported a fourth-quarter FY22 net sales of $0.194 million, missing the consensus of $1.29 million.
- The EPS loss of $(0.45) missed the consensus loss of $(0.27).
- The total operating expenses declined 12.3% Y/Y to $74.3 million.
- The operating loss of $(104.1) million compared to a $(400.5) last year.
- The company held $221.7 million in cash and equivalents.
- Lordstown expanded and strengthened its partnership with Apple Inc (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC:HNHPF) Foxconn.
- Lordstown converted its last $100 million joint venture into a direct investment of up to $170 million in Lordstown Motors.
- Lordstown began to sell the Endurance BEV pick-up truck late in Q4, recording sales of three vehicles.
- Outlook: Lordstown expects to end Q1 of 2023 with $150 million - $170 million in cash and short-term investments
- Price Action: RIDE shares are trading higher by 1.79% at $1.15 premarket on the last check Monday.
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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