Why Volcon Stock (VLCN) Is Down Over 60%


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.


Volcon Inc (NASDAQ:VLCN) shares are trading lower by 68% to $0.21 Thursday morning after the company announced it is raising approximately $18 million through a public offering.

Volcon is selling Common Units or Pre-funded Units, which consist of stock or pre-funded warrants, along with warrants at set prices and expiration dates. These funds will be used for general corporate purposes.

The offering's completion depends on standard conditions, with an option for additional shares to cover potential over-allotments.

See Also: How To Earn $500 A Month From Target Stock Following Earnings Beat

According to data from Benzinga Pro, VLCN has a 52-week high of $10.00 and a 52-week low of $0.20.


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: NewsPenny Stockswhy it's moving