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 iShares S&P SmallCap 600/BARRA Growth Index Fund (NYSE: IJT) are trading down 0.8% to $74.12 today on above average volume. Approximately 569,000 shares have traded hands today vs. average 30-day volume of 250,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of IJT to see if this bearish momentum will continue.
SmarTrend is monitoring the recent change of momentum in iShares S&P SmallCap 600/BARRA Growth Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares S&P SmallCap 600/BARRA Growth Index Fund in search of a potential trend change.
In the last five trading sessions, the 50-day MA has fallen 0.31% while the 200-day MA has risen 0.22%.
In the past 52 weeks, shares of iShares S&P SmallCap 600/BARRA Growth Index Fund have traded between a low of $54.85 and a high of $83.75 and are now at $74.12, which is 35% 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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