27% profit every 20 days?
This is what Nic Chahine averages with his option 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.
The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.
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Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
iRobot Corporation (NASDAQ:IRBT)
- iRobot, during November, posted a Q3 loss of $1.78 per share. The company’s stock has a 52-week low of $35.41 .
- RSI Value: 29.88
- IRBT Price Action: Shares of iRobot rose 0.4% to close at $42.46 on Tuesday and lost 0.4% in after-hours trading.
Yunji Inc. (NASDAQ:YJ)
- Yunji recently announced receipt of Nasdaq non-compliance notice. The company’s stock has a 52-week low of $0.52.
- RSI Value: 27.99
- YJ Price Action: Shares of Yunji gained 1.7% to close at $0.6103 on Tuesday and lost 2.9% in after-hours trading.
Vision Marine Technologies Inc. (NASDAQ:VMAR)
- Vision Marine Technologies recently announced the resignation of Mr. Renaud Cloutier from the Board of Directors for personal reasons. The company’s stock has a 52-week low of $3.35.
- RSI Value: 29.96
- VMAR Price Action: Shares of Vision Marine Technologies fell 2.2% to close at $4.51 on Tuesday.
Chegg, Inc. (NYSE:CHGG)
- Chegg issued weak Q1 and FY23 guidance. The company’s 52-week low is $15.66.
- RSI Value: 24.29
- CHGG Price Action: Shares of Chegg dropped 17.1% to close at $17.43 on Tuesday and added 0.4% in after-hours trading.
Read More: General Motors, Bank of America And 2 Other Stocks Insiders Are Selling
27% profit every 20 days?
This is what Nic Chahine averages with his option 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.