March 14, 2012 3:47 PM | 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 KIT digital (NASDAQ: KITD) are lower on the session by 1.61%, currently trading at $9.15. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest action is the March 2012 $10.00 call, which has traded 1,200 times on open interest of 480 contracts. Call volume is outpacing put volume by 80 to 1. KIT digital, Inc., incorporated on August 11, 1998, through its operating subsidiaries, provides enterprise clients an end-to-end technology platform for managing Internet Protocol (IP)-based video assets across the browser, mobile device and Internet protocol television set-top box-enabled television set.
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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