July 14, 2016 10:15 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.
Kandi Technologies Group, Inc. (NASDAQ: KNDI) revealed Thursday that Kandi Electric Vehicles Group Co., Ltd., its joint venture with Geely Automobile Holdings Ltd., achieved strong sales results in pure electric vehicles in the second quarter ended June 30, 2016. As a result, the company expects to top its earlier sales outlook of 5,500 - 6,000 EV products by about 10 percent.Following the news, shares of the company surged ten percent in the pre-market trading. However, the gain halved after the market opened.Kandi Technologies chairman and CEO, Hu Xiaoming, commented, "Since the publish of the approved Directory of new energy vehicles from State Administration of Taxation in April this year, our EV products have achieved great sales results. The JV Company's EV sales excel our expectation, which is a strong indicator of market demand and customer satisfaction. We are very confident in maintaining our leadership position in China's EV industry."Shares traded 5.14 percent higher on Thursday following the upbeat news.
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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