Shares of Tesla Motors Inc (NASDAQ: TSLA) lost more than 40 percent of their value between January 4 and February 10. However, between February 11 and March 24, they managed to regain more than 57 percent, taking the year-to-date losses to roughly 6 percent.
Following the recent run-up, top raters at the Vetr community have decided to upgrade their rating on the shares from 1.5 Stars to 2.0 Stars -- out of a possible 5.0 Star rating.
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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Related link: Here's How Crowdsourced Ratings Can Beat The Market
Despite the increasing optimism, it should be noted that 50 percent of the crowd’s ratings are bearish. The crowd has set an average price target of $208 per share, which implies a 6.5 percent downside from current valuations.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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.