Sell to close the September 15, 2017 put on American Outdoor Brands (NSDQ: AOBC) with a strike price of $20 at $1.20 or higher for a 100% gain. Symbol (AOBC170915P20).

On the backs of horrible gun sales at Sturm & Ruger and at sporting goods retailer Cabela’s, American Outdoor Brands has collapsed. The stock will likely move lower but it’s not often that a 100% gain pops up in 10 trading days.

These puts do not expire until September 15th so some subscribers may wish to ride them higher as the stock drops below the $20 strike price.

This bearish trade, in conjunction with the puts on Sturm & Ruger, which also doubled, has been super successful. I’d love to hear how you did on this trade or about your experience in general with the Profit Catalyst Alert service.

If possible please take this 90- second survey– many thanks!