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.
- Stellantis NV (NYSE:STLA) plans to invest over €130 million in the Eisenach Assembly Plant in Germany.
- The plant produces Opel Grandland compact SUV, and the investment will add production of the BEV successor vehicle that will be built on the all-new STLA Medium platform.
- Opened in September 1992 with production of the Opel Astra, the Eisenach Assembly Plant is in the state of Thuringia, central Germany.
- The company noted that adding a BEV to Eisenach's output supports Opel's commitment to a fully electric product lineup by 2028 in Europe.
- The Opel Grandland currently produced at Eisenach also includes plug-in hybrid variants.
- Production of the new BEV is scheduled to begin in the second half of 2024.
- Also Read: Stellantis, Daimler Truck Agree On 9% Pay Hike In Mexico
- "With this allocation of Stellantis' new fully BEV platform, STLA Medium, Eisenach plant's highly skilled workforce will continue to improve the cost and the quality of the vehicles they produce to delight our customers," said Arnaud Deboeuf, Stellantis Chief Manufacturing Officer.
- Stellantis is investing more than €30 billion through 2025 in electrification and software to deliver BEVs that meet customer demands.
- Also Read: Stellantis, Crédit Agricole JV Inks Deal To Take Over Activities Of ALD In Portugal & LeasePlan In Luxembourg
- Price Action: STLA shares are trading higher by 0.57% at $17.52 on the last check Wednesday.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!