January 26, 2012 10:35 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 Westport Innovations (NASDAQ: WPRT) are lower on the session by 1.54%, currently trading at $38.31. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $35.00 call, which has traded 1,580 times on open interest of 2,808 contracts. The Feb2012 $40.00 call also traded 1,170 times on 1,698 contracts. Calls are outpacing puts today by 5 to 1. Westport Innovations Inc. is a provider of engine and fuel system technologies utilizing gaseous fuels. The company's technology and products enable light-, medium-, heavy-duty and high-horsepower petroleum-based fuel engines to use primarily natural gas.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.