April 29, 2024 7:14 AM | 1 min read |
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, Inc. (NASDAQ:TSLA) shares were on a tear in premarket trading on Monday – the catalyst being CEO Elon Musk’s surprise visit to China.
Following his meeting with the country’s second-in-command, Premier Li Qiang, and other key officials, Musk has reportedly succeeded in getting approval for rolling out full-self driving in China. Musk himself tweeted about the meeting on his X account.
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“Musk winning FSD approval in the key China market is a watershed moment for the Tesla story in our view,” he said. “This news will be a major focus from investors this morning as it shows how close the FSD vision in China is to becoming a reality for Tesla.”
The analyst has an Overweight rating and a $275 price target for the stock.
In premarket trading, the stock climbed 9.91% to $184.97, according to Benzinga Pro data.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Read Next: Everything You Need to Know About Tesla Stock
Photo via Shutterstock
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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