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.
- An Indian minister disclosed Apple Inc (NASDAQ:AAPL) and Samsung Electronics Co, Ltd (OTC:SSNLF) among companies keen on ramping up electronics production in India.
- India is seeking to replay and expand its early smartphone success to other product categories, Rajeev Chandrasekhar, India's minister of state for technology, told Bloomberg TV.
- The South Asian nation is launching a $2 billion plan to boost the local output of laptops, servers, tablets, and other electronics.
- Also Read: The Great Wall of Apple: Despite Production Shifts, China Remains iPhone Maker's Preferred Partner
- India's financial incentives for smartphone manufacturing have attracted billions of dollars of handset exports from Apple and Samsung.
- The new IT hardware production-linked incentive plan targets Dell Technologies Inc (NYSE: DELL), HP Inc (NYSE: HPQ), and Lenovo Group Ltd (OTC: LNVGY) (OTC: LNVGF).
- Apple's revenue in India grew by nearly 50% to ~$6 billion through March. India still accounts for less than 2% of the iPhone maker's global revenue during FY22.
- In April, Apple launched its first local store in Mumbai, followed by New Delhi.
- Apple tripled its production to over $7 billion iPhones in India in FY22 to reduce its reliance on China.
- Price Action: AAPL shares traded higher by 0.43% at $175.80 premarket on the last check Friday.
- Benzinga now provides actionable financial news and trading ideas for the Indian financial markets on in.benzinga.com.
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.
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!