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 an Uptrend for iShares Dow Jones US Energy Sector Index Fund (NYSE: IYE) on July 01, 2011 at $43.08. In approximately 3 weeks, iShares Dow Jones US Energy Sector Index Fund has returned 5.7% as of today's recent price of $45.54.
In the past 52 weeks, shares of iShares Dow Jones US Energy Sector Index Fund have traded between a low of $29.12 and a high of $46.12 and are now at $45.54, which is 56% above that low price.
iShares Dow Jones US Energy Sector Index Fund is currently above its 50-day moving average of $42.65 and above its 200-day moving average of $40.87. Look for these moving averages to climb to confirm the company's upward momentum.
In the last five trading sessions, the 50-day MA has climbed 0.27% while the 200-day MA has risen 0.59%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of iShares Dow Jones US Energy Sector Index Fund shares.
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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