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.
- Uber Technologies, Inc (NYSE:UBER) eyes the launch of 25,000 electric vehicles in India to tap the country's clean-energy drive to expand its local presence.
- The ride-hailing firm collaborated with local fleet operators like Lithium Urban Technologies Pvt, Everest Fleet Pvt, and Nigeria-based Moove Ltd. to get EVs on the country's roads, Bloomberg cites Prabhjeet Singh, president of Uber's India operations at an event in New Delhi Wednesday.
- Singh said Uber would launch EV Uber Green in June in Mumbai, Bengaluru, and Delhi.
- Also Read: Google Plus Uber: Waymo's Driver Joins Uber for a Phoenix Test Run
- He said that startup Zypp Electric will supply 10,000 electric scooters to Uber for India by 2024.
- Ride-hailing electric vehicles proved costlier than internal combustion engines due to the scarcity of chargers, according to BloombergNEF, and the price consciousness of Indian consumers deterred them from buying personal battery-powered cars in the past.
- Price Action: UBER shares traded lower by 0.65% at $38.40 premarket on the last check Wednesday.
- Benzinga now provides actionable financial news and trading ideas for the Indian financial markets on in.benzinga.com.
- Photo via Wikimedia Commons
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!