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.
On CNBC's "Options Action," Mike Khouw said that calls outpaced puts in Marathon Petroleum Corp (NYSE:MPC) on Monday by almost four to one on 2.5 times the average daily call volume.
The most active options were the May $57.50 calls as over 4,000 contracts were traded for about $2. Khouw said that investors should keep an eye on the May earnings report and the March highs of $58 as the stock looks like it's targeting that price level.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!