MEMC Electronic Materials

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Shares of MEMC Electronic Materials (NYSE: WFR) are higher on the session by 3.68%, currently trading at $6.89. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the October 2011 $7.00 put traded 10,400 times on open interest of 18,684 contracts. The Jan2012 $7.50 put is also active. Put volume has been elevated the past five days. MEMC Electronic Materials, Inc. is engaged in the development, manufacture, and sale of silicon wafers. The company has three business segments: Semiconductor Materials, Solar Materials, and Solar Energy.

20-Year Pro Trader Reveals His "MoneyLine"

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