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.
- Silicon battery maker Enovix Corp (NASDAQ:ENVX) said its Board of Directors approved the design of its next-generation manufacturing line, Gen2 Autoline.
- The Gen2 Autoline is anticipated to increase battery manufacturing throughput by over 10x compared to the current throughput of the Gen1 line.
- Gen2 Autoline involves increased levels of automation, parallelism, and in-line metrology.
- “Enovix has developed a breakthrough battery that has significant performance advantages over the current Lithium-ion batteries in commercial devices today,” said CEO Raj Talluri.
- The company also announced its first high-volume manufacturing facility (Fab-2) will be located in Penang, Malaysia.
- Fab-2 is expected to support the company’s growth and scale up. Enovix expects to begin production in 2024.
- Price Action: ENVX shares are trading higher by 7.25% at $10.21 in premarket trading on 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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