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.
Shares of Retail HOLDRs Trust (AMEX: RTH) are trading up 0.3% to $111.38 today on above average volume. Approximately 930,000 shares have traded hands today vs. average 30-day volume of 746,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of RTH to see if this bullish momentum will continue.
SmarTrend currently has shares of Retail HOLDRs Trust in an Uptrend and issued the Uptrend alert on June 29, 2011 at $107.92. The stock has risen 2.9% since the Uptrend alert was issued.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.17%.
In the past 52 weeks, shares of Retail HOLDRs Trust have traded between a low of $86.40 and a high of $114.38 and are now at $111.28, which is 29% above that low price.
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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