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) has defied the odds and reported a month-over-over increase in deliveries for February, according to data released by the Chinese Passenger Car Association.
The Tesla Analyst: Wedbush analyst Daniel Ives has a Neutral rating and $950 price target for Tesla shares.
The Tesla Thesis: Tesla delivered 18,300 vehicles in China in February, representing an 18% increase from January and signaling a snapback in demand for Tesla in the key China region, Ives said in a note.
All three U.S.-listed Chinese electric vehicle manufacturers reported last week with month-over-month declines in deliveries for February.
The month-over-month growth for Tesla is impressive, as it came despite the Lunar New Year holidays in China taking up a significant portion of February, the analyst said.
Related Link: Tesla Gets A Street High $1,200 Price Target: 'The Fireworks Aren't Over Yet'
The company is likely to hit an annual run rate of over 200,000 units in China in 2021, which remains a linchpin for achieving overall deliveries of 750,000-800,000 units for the year, he said.
From a unit perspective, Tesla's month-over-month deliveries growth — as opposed to declines reported by BYD Company Limited (OTC:BYDDF), Nio Inc – ADR (NYSE:NIO) and XPeng Inc – ADR (NYSE:XPEV) and Li Auto Inc. (NASDAQ:LI) — signals a major directional swing in market share, Ives said.
Price cuts and the Model Y introduction are key to some of the changing market dynamics in China, the analyst said.
TSLA Price Action: Tesla shares were rallying by 19.53% to $672.94 at last check Tuesday.
Photo courtesy of Tesla.
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.
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