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) is only hours away from unveiling its next product, which is believed to be a residential battery. And it could change the future of the company.
"The battery would be the thing that would make Tesla's stock worth what it is today, not the auto division," Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, told Benzinga. Udall likes the idea of being able to store solar energy for use at night, but he has serious doubts about the peak period theory. He said that if consumers started drawing power in the middle of the night to save money (when energy consumption is down), energy companies would eventually raise their rates so that consumers pay the same amount regardless.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
"My most likely view was that they're definitely making a battery, [but] the motorcycle thing is an interesting idea," said Udall. "I do think electric motorcycles would sell amazingly well. You know it would look like a Ducati or a Triumph, which means it would look gorgeous."
Udall believes that a Tesla motorcycle would be an international success.
"In fact, it would probably sell better in a lot of other countries than it would sell in the United States," he said. "That's sort of my fantasy product for Tesla to make."
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
'Really High-Priced Batteries'
Patrick Moorhead, president and principal analyst at Moor Insights & Strategy, told Benzinga that he expects Tesla to introduce "really high-priced batteries to get energy when it's cheap and save it up and use it off the battery when it's expensive."
"My second choice would be a motorcycle," Moorhead told Benzinga. "That would be my second guess or prediction on what they would bring to the table, primarily on the demographic that would want to buy something like this."
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.
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.