WLinvestment

RUGER ready to fly? Hedge for civil unrest.

Long
NYSE:RGR   Sturm, Ruger & Company, Inc
Civil unrest is almost guaranteed in the coming weeks+months in the US. RGR has nice low IV%, and could be a great defensive play.
Comment: RGR flying out of the gates. Targets 74 and soon, then 84 then 94, then possibly 110 with adequate catalysts. HOLD ON
Comment: BANG! into first target at 74, sold 1/3 of my call play, riding the rest.
Comment: Gap fill & strong supportaround 69. If that holds we can go to the 84/94 targets
Comment: Still looks like $90+ on deck for this stock. I am out of the trade myself but this is a GREAT FA stock.

White Lake Investment
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.