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.
Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios via stocks, options and forex trading.
This week we posed the following question to over 400 investors and traders: Over the next five years, which tech stock will have the largest percentage gain?
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- Alphabet (NASDAQ:GOOG)
- Amazon (NASDAQ:AMZN)
- Microsoft (NASDAQ:MSFT)
- Apple (NASDAQ:AAPL)
- Tesla (NASDAQ:TSLA)
- Netflix (NASDAQ:NFLX)
- Facebook (NASDAQ:FB)
Tesla garnered 44.2% of support from traders and investors in this week’s study.
Anticipation was high for Tesla’s third-quarter earnings report: the EV automaker not only beat estimates, but revealed profitability being within reach for 2020.
Tesla can be considered “tech on wheels” arguably more than any other EV maker. Benzinga reported back in February Tesla’s core computing technology, which will allow autonomous operation, is "far ahead" of other carmakers' computing, according to a "tear-down" of the vehicle and review by Nikkei Asian Review.
Tesla trades at $424.30 per share, off the 52-week low of $50.17 per share
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Followed by Tesla, 25.7% of traders and investors believe Amazon will grow the most by 2025.
Amazon is on a 2020 hiring spree: some 33,000 corporate-level and tech hires are in the pipeline for the FAANG stock trading at the highest price per share. This hiring block will earn average wages of around $150,000.
In order to keep up with the demand for Prime delivery services, Amazon announced the opening of 100 new fulfillment centers in September. This news represents 175 fulfillment center openings for the tech giant in 2020 alone. In turn, fulfillment center operations network roles are increasing by 100,000 brand new team members. This hiring block will consist of full- and part-time team members.
Amazon trades at $3,175.29 per share, off the 52-week low of $1,626.03. Be sure to follow Benzinga’s coverage of Amazon leading up to its earnings release on Oct. 29 after market close.
Traders and investors were most skeptical of Facebook (4.1%) and Alphabet (3.9%), seeing less upside for the two FAANG stocks relative to the other tech stocks we surveyed.
The tech stock from our survey trading at the highest price per share is Amazon at $3,175.29 per share. Apple trades at $116.39.
Full results:
- Tesla: 44.2%
- Amazon: 25.7%
Apple: 10.4% - Microsoft: 7.3%
- Netflix: 4.4%
- Facebook: 4.1%
- Alphabet: 3.9%
Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The order of survey answers were randomized for each respondent. The study reflects results from over 400 adults.
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.