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.
Tesla Inc (NASDAQ:TSLA)’s stock has stood strong in the month leading up to the quarter’s end. One analyst found such strength is performance-backed.
The Rating
KeyBanc Capital Markets analyst Brad Erickson maintained a Sector Weight rating.
The Thesis
KeyBanc’s store checks found Model 3 deliveries tracking about 50 percent higher than projections and achieving “meaningful ramp.”
By Erickson’s latest estimates, Tesla is on pace to deliver 30,000 to 35,000 in the second quarter, and he accordingly raised his forecast from between 20,000 and 25,000 to 30,000.
He additionally increased 2018 deliveries estimates from 98,182 to 118,182 and reiterated expectations for positive Model 3 gross margins in the third quarter.
“While the longer-term debate on TSLA remains more balanced, keeping us Sector Weight, we maintain that evidence supporting the bear case is not likely to emerge in the near term, in our view,” Erickson wrote, referencing softened demand or poor production ramping.
The analyst remains undeterred by anecdotes around safety quality and anticipates consumer perceptions improving.
Price Action
At time of publication, Tesla shares were trading up 2.5 percent at a rate of $340.27.
Related Links:
Musk Says Tesla Targets August Date For Updates Foundational To Autonomy
Morgan Stanley Isn't Buying Tesla's Claims For Profitability, Positive Cash Flow, China Prospects
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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