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 staples 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.
The Real Good Food Company, Inc. (NASDAQ:RGF)
- Real Good Foods announced the launch of New Enchiladas in Sam's Club nationwide. The company’s stock has a 52-week low of $5.00 .
- RSI Value: 26.47
- RGF Price Action: Shares of Real Good Food fell 0.8% to close at $5.04 on Wednesday.
Local Bounti Corporation (NYSE:LOCL)
- Local Bounti, during November, posted a Q3 loss of $0.30 per share. The company’s stock has a 52-week low of $0.8850.
- RSI Value: 28.48
- LOCL Price Action: Shares of Local Bounti dropped 8.7% to close at $0.95 on Wednesday and added 5% in after-hours trading.
Vintage Wine Estates, Inc. (NASDAQ:VWE)
- Vintage Wine Estates, during November, posted better-than-expected quarterly earnings. The company also plans to restate its previously issued consolidated financial statements for first quarter fiscal. The company’s stock has a 52-week low of $2.13.
- RSI Value: 28.57
- VWE Price Action: Shares of Vintage Wine Estates fell 1.1% to close at $2.79 on Tuesday and dipped 14% in after-hours trading.
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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.