January 5, 2012 10:48 AM | 1 min read
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 Avon Products (NYSE: AVP) are lower on the session by 0.75%, currently trading at $17.28. 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. The strike seeing the heaviest action is the February 2012 $16.00 put, which has traded 11,012 times on open interest of 100 contracts. Not long ago, a 5,000 contract block was sold on the bid for $0.40.Put volume is outpacing call volume by 21 to 1. Avon Products, Inc. creates, manufactures and markets beauty and non-beauty-related products. The company's product categories are Beauty, Fashion and Home. Beauty consists of color cosmetics, fragrances, skin care and personal care.
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.
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