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.
Tesla Inc (NASDAQ:TSLA) shares fell Thursday after Goldman Sachs cut its price target from $200 to $158.
Sustainable demand was at the top of Goldman's concerns.
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!
“We believe that is the largest question for investors to underwrite at this point — what are sustainable demand levels for the Model S, Model X, and Model 3 — and how does that change with the introduction of Model Y production," said Goldman Sachs analyst David Tamberrino. "We believe a downward path for shares will resume as it becomes more clear that sustainable demand for the company’s current products are below expectations.”
Tesla shares traded lower by 3% to $219.44 at time of publication. The stock has recovered a bit during the month of June, but is still down 34% in the year-to-date period.
Tesla's stock has a 52-week high of $387.46 and a 52-week low of $176.99.
Related Links:
Morgan Stanley Says The Market Is Underappreciating Tesla's AV Business
Report: Tesla May Fall Short Of Record Model 3 Production Goal
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.