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 identified a Downtrend for iShares Dow Jones US Homenstruction Index Fund (NYSE: ITB) on May 17, 2011 at $12.74. In approximately 2 months, iShares Dow Jones US Homenstruction Index Fund has returned 3.6% as of today's recent price of $12.28.
In the past 52 weeks, shares of iShares Dow Jones US Homenstruction Index Fund have traded between a low of $10.50 and a high of $14.29 and are now at $12.28, which is 17% above that low price.
iShares Dow Jones US Homenstruction Index Fund is currently below its 50-day moving average of $12.75 and below its 200-day moving average of $12.83. 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 0.54% 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 iShares Dow Jones US Homenstruction Index Fund.
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% 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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