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.
American Outdoor Brands Corp (NASDAQ:AOBC) and Sturm Ruger & Company Inc (NYSE:RGR) shares plunged Monday on the release of the Federal Bureau of Investigation’s monthly firearm background check report.
According to the National Instant Criminal Background Check System (NICS), the FBI conducted nearly 2,045,564 checks in April, representing 4.7-percent year-over-year and 15.9-percent sequential decreases.
April is the fourth consecutive month registering annual decreases, signaling the end of a succession of record-setting checks in 2016. Last year’s total, ahead of the uncertainty surrounding the presidential election, amounted to a 2.9 million unit and 55.7-percent year-over-year increase.
The Usual Stimulus
The monthly report is a typical catalyst for volatile gun stocks, which have been known to stall on weak figures and pop on strength. The positive correlation positions trigger-happy traders to cash in at the start of each month.
However, month-to-month performance is not entirely predictable. Although investors can generally count on a swell in the winter months, trends vary within seasons.
The FBI generally releases NICS updates at the start of each month.
Related Link:
With One Month Left To Report, U.S. Has Already Set Annual Firearm Background Checks Record
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.
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