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.
In a post on X (formerly Twitter), Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk reacted to the multinational automotive and clean energy company’s stock performance, which has seen remarkable surges amid occasional fluctuations over the past decade.
What Happened: On Friday, a CTV National News anchor, Jon Erlichman, shared a compilation of the electric vehicle manufacturer’s stock performance from 2010 to 2023, painting a picture of Tesla’s rollercoaster journey.
According to his post on X, the Musk-led company has displayed notable volatility over the years. Most recently, in 2023, it surged by an impressive 90% following the turbulent 2022 when the company witnessed a sharp decline of 65%.
The fluctuations appear to have become almost expected in the Tesla narrative.
See Also: Tesla’s Diner-Supercharger Concept In LA Gets Green Signal 5 Years After Musk First Touted Idea
The tech billionaire acknowledged these “big swings” in a succinct but telling statement, adding, “Ultimately very much upward.”
Earlier this week, in a separate post by Erlichman, who shared a fascinating perspective on Tesla’s revenue milestones, Musk cheekily replied, “Almost like there’s a trend.”
Why It’s Important: Tesla’s revenue surge results from a convergence of factors, such as the broadening range of electric vehicles, a growing appetite for sustainable transport solutions, and strides in autonomous driving technology.
Erlichman, not long ago, highlighted the potential for Tesla to achieve an annual revenue of $100 billion this year, outpacing the revenue growth of numerous large-cap firms.
The stock itself boasts an astonishing narrative since its debut in June 2010, witnessing an incredible ascent of 18,118% over the course of 13 years.
Price Action: Tesla stock closed 3.72% higher on Friday at $238.59 apiece, according to the data from Benzinga Pro.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Image: MidJourney and Jonathan Weiss on Shutterstock
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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