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.
For some, Tesla Inc's (NASDAQ:TSLA) battery day was a letdown: the technology sounded great, but it's still several years away, and Tesla did not have an onstage demo.
Now CEO Musk has said in a tweet that the new 4680 cells have been used in prototype vehicles for months.
While the vehicle models are unknown, a safe guess would be the Plaid Model S demonstrated on-screen at the event.
Suppliers. We’re only doing high energy nickel ourselves, at least for now. Also, maybe the presentation wasn’t clear that we’ve actually had our cells in packs driving cars for several months. Prototypes are trivial, volume production is hard.
— Elon Musk (@elonmusk) September 26, 2020
Benzinga's Take: This is great news. The fact that Tesla has been using the batteries for months mean they work well enough for Tesla to feel confident in sharing that they are coming.
The last concern would be longevity, but there are laboratory testing methods to speed up battery degradation to find an estimated battery lifespan.
Photo from Tesla Battery Day presentation.
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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