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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Analyst Ben Kallo noted that the company had issued delivery guidance of 50,000 for the second half. Although a specific quarterly number was not given, the analyst checks reveal that anything above 20,000 could be considered positive. Specifically, the firm targets deliveries of 12,000 for Tesla's Model S and 9,000 for Model X.
Baird referenced to the two energy storage deals Tesla struck recently to support its argument that the company is expanding its presence in the growing battery and energy storage industries.
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Although Baird expects short sellers to return to Tesla as the SolarCity Corp (NASDAQ: SCTY) deal progresses, it is of the view that investors will be keyed into the ramp up of Model 3 in the intermediate term.
Baird, however, views SolarCity as a short-term trade, as the shares currently trade at 13 percent discount to the deal price. The firm believes the spread will narrow as the shareholder vote nears.
According to Baird, upcoming catalysts for Tesla include the ramp of the Gigafactory, additional news about the Model 3 and potentially the Paris Auto Show.
As such, Baird reiterated its Outperform on the shares of Tesla and kept its price target at $338.
At time of writing, Tesla shares were up 0.68 percent at $208.21.
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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.