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.
Shares of several cannabis companies including Tilray Brands Inc (NASDAQ:TLRY), Canopy Growth Corp (NASDAQ:CGC) and Aurora Cannabis Inc (NASDAQ:ACB) are trading higher Monday following reports that Senate Majority Leader Chuck Schumer said Congress is "very close" to passing a marijuana banking and expungements bill.
What Happened: According to a Marijuana Moment report, Schumer has indicated that Congress is close to introducing and passing a bill on cannabis.
"We are getting very close,” Schumer reportedly said in a debate on Sunday.
"I am working in a bipartisan way with Democrats and Republicans to take the SAFE Banking Act, which allows financial institutions to involve themselves in cannabis companies and lend money to them—but it also does some things for justice, such as expunging a record."
The SAFE Plus bill that Schumer is working to finalize is not expected to include language that would federally legalize marijuana, but it's a step in the right direction for cannabis companies.
“We may be able to get something done rather soon. I’m working with a bunch of Republican senators, a bunch of Democratic senators, to get something passed," Schumer said.
See Also: A Sinister Reason May Be Behind Governors' Opposition To Cannabis Legalization
TLRY, CGC, ACB Price Action: At time of publication, Tilray was up 11.8% at $4.06, Canopy Growth was up 16.2% at $3.66 and Aurora was up 8.2% at $1.39.
Photo: TinaKru from Pixabay.
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!