July 21, 2015 10:29 AM | 1 min read |
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.
Detroit has lost its luster over the past few years, but the advent of a new
autonomous vehicle testing ground at the University of Michigan could turn the city's gloomy fate around in the coming years. Several interested companies including
Toyota Motor Corp (NYSE: TM),
Honda Motor Co (NYSE: HMC) and
General Motors (NYSE: GM), have all chipped in toward the $10 million necessary to create a 32-acre facility where the new technology can be tested.
Why Michigan?The facility will be located in Ann Arbor within the University of Michigan's Mobility Transformation Center, which many say is a logical step as much of the research on driver-less technology has been done in Michigan. Companies like
Google Inc. (NASDAQ: GOOG) have opened facilities in warmer states like California, but the Michigan location is expected to present a unique set of challenges for the new technology which can't be simulated anywhere else. The four miles worth of roadways that have been created for the project are designed to simulate real-life driving situations.
First Of Its KindThe facility, dubbed MCity, will be open to any parties interested in testing autonomous vehicle technology. So far, more than 60 different companies are planning to utilize MCity. The course is unique in that it boasts a variety of road types and intersections, something that many companies are lacking at their own testing centers. Toyota has been working on its version of driver-less vehicles at its own facilities in Japan, but the bulk of driving has been done on closed tracks that don't mimic real-world situations.
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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