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 Subaye (NASDAQ: SBAY) on January 25, 2011 at $9.59. In approximately 6 months, Subaye has returned 96.1% as of today's recent price of $0.37.
In the past 52 weeks, shares of Subaye have traded between a low of $0.33 and a high of $14.92 and are now at $0.37, which is 12% above that low price.
Subaye is currently below its 50-day moving average of $3.66 and below its 200-day moving average of $8.35. 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 11.49% while the 200-day MA has slid 2.05%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Subaye.
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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