Tesla has been all over the news lately.
The company has always made my favorite cars in the auto industry, and it’s been a consistent headline-maker from the start, thanks to CEO Elon Musk’s infamous unpredictability.
We’re less than a month into 2020, and already this year has seen some Tesla-related stories that I couldn’t have made up even if I’d tried…
I’m talking about headlines like Watch Elon Musk Dance Like Your Drunk Uncle and Tesla Cars Will Soon Be Able to Talk.
But these claims are more than just click-bait shenanigans. You see, there’s a reason Musk gets away with his impulsive behavior – he has the success to back it up.
Beneath this year’s unbelievable headlines, something big is happening in the world of Tesla. And it could make you just as rich as Musk himself.
There’s a clear demand for electric vehicles in China, and Musk is taking advantage of it – making TSLA stock rich with profit opportunity as a result.
Look at it this way – since TSLA’s closing low in June, short-sellers have lost $7.6 billion on a mark-to-market basis. But by going long on the electric car maker, you can take a chunk of that billion-dollar change for your own wallet.
I’m not talking about simply buying and holding the stock. I mean, sure, that’s a good strategy. If you’d bought the stock just three months ago, you already would’ve doubled your money.
But with options, you could double your money in less than three months. You could double it in one day.
On October 7, 2019, TSLA was trading around $237.72. Now, if you’d bought 100 shares of the stock, you would have dropped $23,772. And you would have had to spend months without that cash in your bank account before you would have doubled your money.
Instead, my readers bought a call option on the stock. And they only spent $2.93, or $293 for control over 100 shares. They didn’t have to wait months to see a nice-sized return on their investment. Just one day later, TSLA had risen to trade around $240.05. And they sold their call option for $5.86, banking a 100% gain in just one day.
With cash that fast, you could have simply rolled your winnings into another option, then another, and so on and so forth. Instead of waiting months to double your money, you could have spent that time doing it over and over again.
Now, with all this explosive growth, TSLA’s options are pretty expensive right now. But the stock is due for a healthy pullback – meaning your call option will be affordable and ready to churn out an impressive profit for your wallet.
You know what they say… buy the rumor, sell the news. If you play it right, you’ll be dancing like Elon Musk all the way to your first million dollars.
Have a great weekend,
America’s #1 Pattern Trader