20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
On CNBC's "Options Action," Mike Khouw said the options market has generally been optimistic about Netflix, Inc. (NASDAQ:NFLX) and that was true on Monday, as call options outnumbered puts 2-1.
The most active options were the September 370 calls, which expire by the end of the week. Over 15,000 contracts were traded for around $2. The breakeven for the trade is at $372, or 6.18 percent above the current stock price.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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