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 Ryanair Holdings (NASDAQ: RYAAY) are trading down 1.1% to $27.44 today on above average volume. Approximately 1.1 million shares have traded hands today vs. average 30-day volume of 514,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of RYAAY to see if this bearish momentum will continue.
SmarTrend currently has shares of Ryanair Holdings in an Downtrend and issued the Downtrend alert on May 23, 2011 at $28.32. The stock has fallen 2% since the Downtrend alert was issued.
In the last five trading sessions, the 50-day MA has fallen 1.09% while the 200-day MA has slid 0.37%.
In the past 52 weeks, shares of Ryanair Holdings have traded between a low of $25.58 and a high of $33.38 and are now at $27.46, which is 7% 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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