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.
- Geely Automobile Holdings Ltd (OTC:GELYF) (OTC:GELYY) is eyeing an entry into Thailand's electric vehicle (EV) market, including models for import and local manufacturing.
- The Chinese automaker weighs whether to market an entry-level electric car in Thailand and an electric pickup truck from its new Radar brand, Reuters cites knowledgeable sources.
- Thailand's Board of Investment held discussions with five major Chinese EV makers, including Geely, during a roadshow to China in April, its Secretary-General Narit Therdsteerasukdi said.
- The others were BYD Co Ltd (OTC:BYDDF) (OTC:BYDDY), Chongqing Changan Automobile Co Ltd, JAC Motors, and Jiangling Motors Corp Ltd.
- The EV makers expressed keen interest in Thailand's policy to develop a regional EV production base and an integrated EV supply chain, Narit said.
- Thailand aims to convert around 30% of its annual production of 2.5 million vehicles into EVs by 2030 and is searching for new investments to protect and diversify its manufacturing base.
- BYD and China's Great Wall Motor Company, Ltd (OTC:GWLLF) (OTC:GWLLY) are amid building local EV production in Thailand.
- Discussions with Geely have faced an additional complication as it has given working-level autonomy to its brand-level operating groups like Geometry and Radar Auto.
- Geely's review included the possibility of building a plant in the country.
- Thailand offers some subsidies for EVs, provided automakers migrate the production of cars and parts to the country over several years.
- Price Action: GELYY shares closed lower by 2.27% at $23.22 on Tuesday.
- 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.
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