Last week, in my 48-Hour Income service, we sold a cash-secured put on gun producer, B Smith & Wesson Brands (SWBI).
In 48-Hour Income, the goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks.
Put premiums were elevated in SWBI due to upcoming earnings.
Despite positive results, the stock dropped after earnings and fell a bit below our strike.
Some closed for a small loss on Friday, while others held until Monday to take assignment on the stock (and sell for a small gain).
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