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 Motors Inc (NASDAQ: TSLA) reported worse than expected fourth-quarter results on all front on Wednesday post the market close, causing its shares to slump heavily on Thursday . Not only did the company posted an EPS loss, while the Street was expecting profits, it also failed to make adequate number of deliveries to customers.
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CNBC’s Jim Cramer was recently seen discussing Tesla’s quarterly results and the conference call post the results.
Only Their Customers Vacationing
“It’s the 40th anniversary of Saturday Night Live and this conference call needs to be included in a spoof of how we do business on Wall Street, Cramer said. "One of my favourite lines of [in the fact] that why they didn’t deliver because customers were vacationing. Only their customers vacationed obviously, no one else’s.”
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“Elon Musk, this is funny –‘Our financials are better than they appear not worse’ that’s really the key point that, then there is a lot of discussion within this, he uses the term ‘spending staggering amounts of money’.
Cursing
‘There was cursing on this conference call, I haven’t heard that since the […] conference call notorious for when they kicked the CFO off in the 1990’s,” Cramer remarked.
Losing Huge Sums Of Money
“Let’s talk about the fact that he said the Chinese, the salespeople were saying ‘listen, this doesn’t really work, but maybe you want to try it’ that was a negative in there," Cramer siad. "At the end of the day Tesla lost $10,000 per car, cash burned $455 million, less than $2 billion in cash left and losing $4.5 million a day according to my friend [...] Willman. Why don’t they sticker this one? This one should be stickered, it should be stickered that it’s not a real company."
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.