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.
NVIDIA Corporation (NASDAQ:NVDA) stirred the markets Tuesday with news of its groundbreaking supercomputer capable of supporting fully autonomous vehicles. The announcement drove Nvidia shares to the $190 level.
But for all the excitement, the world’s first artificial intelligence computer for “Level 5” autonomy may not widely impact the AV space.
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“This is definitely a net positive for the entire self-driving car space but doesn't change our thesis on electric or self-driving vehicles,” Austin Bohlig, robotics analyst at Loup Ventures, told Benzinga. “At the least, it may have modestly shortened the time frame when we begin to see self-driving vehicles on the road, but our 2020 date for the influx to begin still holds.”
Nvidia is already considered a leader among AV suppliers. Loup managing partner Gene Munster previously listed Nvidia as the field’s top components manufacturer and the best way to play the AV theme outside of a Tesla Inc (NASDAQ:TSLA) stake.
The Tesla Impact
Tesla currently uses Nvidia chips, but was recently reported to have partnered with Advanced Micro Devices, Inc. (NASDAQ:AMD) in an alleged step toward self-sufficiency. Analysts posited that the move could be indicative of Tesla’s eventual shift from Nvidia products but insisted that Nvidia investors had little to worry about.
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Tesla supporters were similarly unconcerned by Nvidia’s latest demonstration of strength.
“As it relates to Tesla, I don’t think they are second guessing themselves [with regard to the AMD partnership],” Bohlig said. “While Nvidia may have a slight [leg] up in the GPU space, AMD has made great progress over the last couple years and is much more competitive today.”
Loup still considers Tesla and Alphabet Inc (NASDAQ:GOOGL)’s Waymo leaders in self-driving auto manufacturing.
Related Links:
The Autonomous Future: Munster's 2020 Vision Of The Road
Gene Munster: Traditional Car Manufacturers Face 'Innovator's Dilemma'
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.