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For the investor that feel as though the market’s direction is becoming tenuous, we can explore an option trading opportunity in Hibbett Sports Inc (NASDAQ:HIBB) that does not rely on stock direction at all. It turns out, over the long-run, for stocks with certain tendencies like Hibbett Sports Inc, there is a clever way to trade market anxiety or market optimism before earnings announcements with options.
This approach has returned 336.8% with a total holding period of just 156 days, or an annualized rate of 788.0%. Now that’s worth looking into.