27% profit every 20 days?
This is what Nic Chahine averages with his option 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.
SmarTrend's candlestick pattern scanner detected a bearish inside day candle pattern for shares of Novell (NASDAQ: NOVL). Yesterday's price range of 4.74 and 4.85 is within the previous day's price range.
This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend.
Owners of Novell may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.
SmarTrend issued an Uptrend alert on shares of Novell on January 06, 2010 at $4.53 per share (6.4% return since that call). This bearish candle pattern may point to a reversal of the previously called Uptrend.
Write to Chip Brian at cbrian@tradethetrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
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27% profit every 20 days?
This is what Nic Chahine averages with his option 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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