27% profits every 20 days?
This is what Nic Chahine averages with his options 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 identified a Downtrend for Powershares WilderHill Clean Energy Portfolio (AMEX: PBW) on March 11, 2011 at $9.88. In approximately 4 months, Powershares WilderHill Clean Energy Portfolio has returned 9.4% as of today's recent price of $8.95.
In the past 52 weeks, shares of Powershares WilderHill Clean Energy Portfolio have traded between a low of $8.21 and a high of $11.42 and are now at $8.95, which is 9% above that low price.
Powershares WilderHill Clean Energy Portfolio is currently below its 50-day moving average of $9.23 and below its 200-day moving average of $10.05. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has fallen 0.71% while the 200-day MA has remained constant.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Powershares WilderHill Clean Energy Portfolio.
Write to Chip Brian at cbrian@mysmartrend.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% profits every 20 days?
This is what Nic Chahine averages with his options 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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