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.
As the World University Games are set to commence in Chengdu, China, Tesla (NASDAQ:TSLA) is being treated as a security threat, Teslarati reports.
Security Concerns: As a security measure, Tesla vehicles are prohibited from attending the event where President Xi Jinping is scheduled to appear.
This move comes in the wake of concerns expressed by China since 2021 over Tesla’s exterior cameras and their potential to capture sensitive information.
Musk’s Response: Several years ago, when accusations of spying and data collection surfaced, CEO Elon Musk addressed the concerns by asserting that the company would face closure if it utilized its vehicles to gather sensitive information for political purposes.
“There's a very strong incentive for us to be very confidential with any information. If Tesla used cars to spy in China or anywhere, we will get shut down,” Musk said.
See Also: Elon Musk’s Fan Following Dwindles But Early Tesla Model 3 Owners Remain Loyal, Survey Finds
Continued Surveillance: Despite Musk’s assurances, Tesla vehicles underwent a security review from Chinese officials, primarily focusing on the cameras and the synching of smartphones to the car. Consequently, military members and government officials were banned from driving a Tesla in March 2021.
Read Next: European Automakers Forge Power-Packed Partnerships In China To Conquer Booming EV Market
Image by Koshiro K on Shutterstock
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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.
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