Dear Reader, Workhorse is becoming Wall Streetâs favorite electric vehicle stock according to.. [afdaf3fd61bec5de782f6956499cf967c4d37d87][5ba6df09f6dbcb9ba8424d0bb0adfdd894b90fc3]
An Earnings Beat Sets Up a Trading Opportunity
[Options Profits Daily]
An Upgrade in This EV Company Creates an Opportunity for a Potential Triple Digit Gain
Workhorse is becoming Wall Streetâs favorite electric vehicle stock according to Barronâs.
Commercial electric-van maker Workhorse Group has a new Buy rating from an analyst who calls the company a leader in last-mile delivery solutions and established a new $23 price target for shares, up about 25% from recent levels.
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Now four of five analysts covering WKHS rate shares a Buy. The average Buy-rating ratio for stock in the Dow Jones Industrial Average is about 55%. Whatâs more, the Buy-rating ratio for Tesla stock is 16%. Two out of five analysts covering electric heavy-duty-truck maker Nikola rate its shares Buy.
In this case, the news could be the beginning of a new up trend in this stock. However, there are reasons to consider risk and we have a strategy that does that.
As we explain [in our latest article,]( there are strategies that can benefit from news while considering risks of a reversal.
In the article, we explain in detail, one such options strategy. [This strategy is one that is focused on risk]( and is able to limit the risk to a precise level in dollar terms. In this trade, which we explain in detail, the risk is limited to $165 based on recent market prices.
Despite that focus on minimizing the potential risk of the trade, the strategy is still capable of delivering large-short term returns. We show how to find the exact amount of risk is in dollar terms and we also detail the potential gains of the trade which is about 103%, based on actual recent market data.
You can find all of the details of the strategy and the specific trade in our latest free educational article that is [available right here..](
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