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.
During Tuesday's CNBC Mad Dash segment, Jim Cramer had a few words for Tesla Motors Inc (NYSE: TSLA) investors, particularly those with short positions on the stock.
"The shorts want Tesla down. So, when Tesla says it can make 1,180 fewer cars than the company expected, suddenly the shorts come in. My advice is be very careful if you are shorting the stock," Cramer began.
Words To The Wise
Cramer supported his warning by saying, "Because, in the end, this is one of those animal-spirited stocks that's really based on the deposits and the interest in the cheaper car."
"So, this is a little bit of a ‘well, wait a second. They can't make this car a luxury model. How are they going to produce all the cars that you need to be able to meet demand?'
"And all I can tell you is— Musk is Mr. Rabbit Out Of A Hat. And, yes, this stock is impossible to value. Amazon was impossible. And Tesla is impossible. I don't know how to value it," Cramer said.
"It's a conundrum. It's an enigma."
Upsides Galore
Cramer concluded that as long as demand stays strong, consumers and investors synonymously will continue to create catalysts for the stock. "I think the stock is buoyed by the number of people who love the car," Cramer stated.
At time of writing, Tesla was up 3.22 percent at $254.95.
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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