Earnings and Forecast: Rivian's latest earnings report for the fourth quarter of 2023 showed an EPS of -1.58. The company's gross profit margin was -46.08%, indicating a need for improvement. It's important to note that Rivian is a relatively new company, and its financial performance is still evolving. Looking ahead, analysts forecast a negative EPS for the next few years, with gradual improvement expected in the future.
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I just trade 2 counters every month. baba atm/itm option. Tesla put vertical mostly strike super far away. My mission is to just make 10-30 percent safely. I typically close my option in a week as long as I have 50 percent profit. I would say profit is decent given the few trades.
One of the best income strategy for me is to sell Tesla vertical where I strike very far such that there are low change of stock assignments. Though the return is small but if you do it as a vertical , the return is still very good with high volatility stocks like Tesla. For eg 6.2 percent for a strike of 145/125 put vertical for 26 days. This is about 20 percent strike away from current low with delta of may be -0.1. A pretty safe income strategy. What do you think?
April -June maybe risky month to trade. BoJ may increase interest rate. This may cause shortie to close position and for crosscurrency loan to close, will there be a short squeeze, rush?
$11k option credit for march. Best month ever. Tried 2 strategy with option vertical. Strike 25 percent away for high volatility stock like Tesla at support so that the chances of getting delivery is almost zero. Strike at the money for baba at support for max credit. 2 days baba 6.5 percent profit. 8 percent for Tesla over a month.