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.
- JinkoSolar Holding Co Ltd's (NYSE:JKS) operating subsidiary Jinko Solar Co., Ltd (Jiangxi Jinko), enters an equity transfer agreement with Ziyang Major Industry Equity Investment Fund Partnership and Mr. Shihong Dong.
- Under the agreement, Jiangxi Jinko will sell its 100% equity interest in Xinjiang Jinko Solar Co. for RMB4.3 billion.
- Jiangxi Jinko will no longer hold any equity interest in Xinjiang Jinko.
- Jiangxi Jinko's operational costs are anticipated to be reduced by the deal, along with production efficiency improvements and facility mix optimization.
- Also Read: N-Type Modules Help Improve JinkoSolar's Q1 Margins, Clocks 58% Topline Growth
- Jiangxi Jinko also signed an investment framework agreement with the Management Committee of Transformation Comprehensive Reform Demonstration Zone of Shanxi Province.
- Under the agreement, Jiangxi Jinko plans to construct production lines with a total annual production capacity of 56 GW for each monocrystalline silicon pull rod, silicon wafer, high-efficiency solar cells, and modules, for a total estimated investment of ~RMB56 billion.
- JinkoSolar currently owns ~58.62% equity interest in Jiangxi Jinko.
- Price Action: JKS shares are trading higher by 1.13% at $46.65 on the last check Wednesday.
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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