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 industrials 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, according to Benzinga Pro.
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Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
TTEC Holdings, Inc. (NASDAQ:TTEC)
- On Feb. 29, TTEC reported mixed fourth-quarter financial results and issued FY24 adjusted EPS and revenue guidance below estimates. The company’s stock fell around 25% over the past five days and has a 52-week low of $11.06 .
- RSI Value: 26.41
- TTEC Price Action: Shares of TTEC Holdings gained 0.7% to close at $11.47 on Thursday.
SOS Limited (NYSE:SOS)
- On Jan. 16, SOS announced the launch of additional 1,500 mining rigs at its super-computing center in Texas. The company’s stock fell around 39% over the past five days. It has a 52-week low of $1.89.
- RSI Value: 29.57
- SOS Price Action: Shares of SOS fell 15% to close at $2.16 on Thursday.
Spirit Airlines, Inc. (NYSE:SAVE)
- On March 4, Spirit Airlines announced the termination of its merger agreement with JetBlue. The company’s stock fell around 21% over the past five days and has a 52-week low of $4.04.
- RSI Value: 25.75
- SAVE Price Action: Shares of Spirit Airlines fell 2.1% to close at $5.10 on Thursday.
Read More: Investor Sentiment Improves Further, S&P 500 Surges To Fresh High
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.