Why Torchlight Energy Shares Are Getting Hammered Today


27% profits every 20 days?

This is what Nic Chahine averages with his options 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.


After surging Monday, Torchlight Energy Resources Inc. (NASDAQ:TRCH) shares are trading lower by 20% at $7.90 after the company announced an amendment to its at-the-market offering deal with Roth Capital. The offering was raised from $100 million to $250 million.

Torchlight Energy acquires, explores, exploits, and develops oil and natural gas properties in the United States. It is primarily focused on the acquisition of early-stage projects, the development and delineation of the projects and then the monetization of those assets once these activities are completed.

Torchlight Energy's primary interests include the Orogrande Project in Hudspeth County, Texas and the Hazel Project in the Midland Basin.


27% profits every 20 days?

This is what Nic Chahine averages with his options 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.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Short IdeasSmall CapMoversTrading Ideaswhy it's moving