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.
Thursday after the market-close, Tesla Motors Inc (NASDAQ: TSLA)'s Model S vehicles came under investigation after an automated driving system enabled vehicle was involved in a fatal crash.
Trip Chowdhry's Take
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"Tesla's Auto-Pilot is still years ahead of the rest; though a sad event, but from [a] stock perspective, a non-event," said Global Equities Research's Trip Chowdhry.
Chowdhry demonstrated Tesla's success by citing statistics backing the company as the clear front runner in automated driving. "Tesla has accumulated more at 100 million miles on Auto-Pilot, and is now doing 1.0 million miles every 10 hours" stated the analyst. That's an order of magnitude over 66 times that of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s driverless cars.
Additionally, Tesla's automated driving had demonstrated to be safer than manual driving. For example, Tesla cars tend to tightly adhere to the road lanes as opposed to manual driving by a significant margin according to Chowdhry.
According to TipRanks.com, Chowdhry was among the better analysts covering Tesla having a success rate of 58 percent with an average rate of return per recommendation of +14.5 percent. The analyst is ranked 307 out of 3,990 analysts.
Chowdhry has a Buy rating on Tesla with a $385.00 price target.
At the time of writing, Tesla traded at $213.21 up 0.44 percent on the day.
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.