July 21, 2011 1:22 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 Banco Bradesco (NYSE: BBD) are higher on the session by 3.25%, currently trading at $19.37. The stock has been moving largely sideways over the past six months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $19.00 put traded 3,800 times on open interest of 2,082 contracts. Overall put volume is now running at 3.07x the daily average with 100% of all puts traded being purchases on the offer. Banco Bradesco S.A. is a private sector commercial bank operating in Brazil. It offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid sized and small companies, and major local and international corporations and institutions.
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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