July 6, 2011 12:06 PM | 1 min read |
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.
Shares of The Blackstone Group (NYSE: BX) are lower on the session by 0.35%, currently trading at $16.87. The stock has been moving largely lower over the past three months and is currently consolidating above the 200-day moving average.Options traders are buying calls on the name today. A short while ago the January 2013 $20.00 call traded 14,000 times on open interest of 1,197 contracts. Overall call volume is now running at 7.92x the daily average with 98% of all calls traded being purchases on the offer. The Blackstone Group L.P. is a manager of private capital and provider of financial advisory services. Blackstone is an independent manager of private capital with assets under management of $128.1 billion, as of December 31, 2010.
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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