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 ProShares Ultra Gold (NYSE: UGL) traded at a new 52-week high today of $91.30. Approximately 120,000 shares have traded hands today vs. average 30-day volume of 310,000 shares.
ProShares Ultra Gold is currently trading at $91.11, approximately 10.9% above its 50-day moving average of $82.15. SmarTrend will be monitoring shares of UGL to see if this bullish momentum will continue.
In the last five trading sessions, the 50-day MA has climbed 0.95% while the 200-day MA has risen 0.48%.
In the past 52 weeks, shares of ProShares Ultra Gold have traded between a low of $49.88 and a high of $90.78 and are now at $91.16, which is 83% above that low price.
SmarTrend currently has shares of ProShares Ultra Gold in an Uptrend and issued the Uptrend alert on July 08, 2011 at $81.21. The stock has risen 9.9% since the Uptrend alert was issued.
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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