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.
Intel Corp (NASDAQ:INTC) shares are trading higher Tuesday following reports that the company is set to receive a grant from Israel's government to build a new chip plant.
What To Know: The Israeli government has agreed to provide Intel with a $3.2 billion grant to help the chipmaker build a new $25 billion chip plant in southern Israel, according to Reuters.
Intel reportedly said the expansion plans are an important part of the company's efforts to build a more resilient global supply chain.
In addition to the grant from Israel, Intel committed to spending 60 billion shekels ($16.6 billion) through Israeli suppliers over the next decade. The new manufacturing plant is also expected to create thousands of jobs in the area.
Intel reportedly said construction of the new facility is already underway. The new plant is expected to be open in 2027 and operate through 2035.
INTC Price Action: Intel shares were up 2.21% at $49.06 at the time of publication, according to Benzinga Pro.
Photo: courtesy of Intel.
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.
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!