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 Telecom of New Zealand (NYSE: NZT) traded at a new 52-week high today of $11.49. Approximately 121,000 shares have traded hands today vs. average 30-day volume of 578,000 shares.
Telecom of New Zealand is currently trading at $11.4, approximately 16.3% above its 50-day moving average of $9.80. SmarTrend will be monitoring shares of NZT to see if this bullish momentum will continue.
In the last five trading sessions, the 50-day MA has climbed 1.81% while the 200-day MA has risen 0.76%.
In the past 52 weeks, shares of Telecom of New Zealand have traded between a low of $6.65 and a high of $11.34 and are now at $11.42, which is 72% above that low price.
SmarTrend currently has shares of Telecom of New Zealand in an Uptrend and issued the Uptrend alert on April 18, 2011 at $8.06. The stock has risen 40.2% since the Uptrend alert was issued.
Write to Chip Brian at cbrian@mysmartrend.com
---------------------------------------------------------------------------------------------
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
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!