27% profits every 20 days?
This is what Nic Chahine averages with his options 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 First Trust AMEX Biotechnology Index Fund (AMEX: FBT) on December 22, 2009 at $28.07. In approximately 3 months, First Trust AMEX Biotechnology Index Fund has returned 35.2% as of today's recent price of $37.94.
First Trust AMEX Biotechnology Index Fund is currently above its 50-day moving average of $31.85 and above its 200-day moving average of $27.38. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of First Trust AMEX Biotechnology Index Fund shares.
Write to Chip Brian at cbrian@tradethetrend.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% profits every 20 days?
This is what Nic Chahine averages with his options 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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