March 22, 2012 10:39 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 Origin Agritech (NASDAQ: SEED) are lower on the session by 0.65%, currently trading at $3.07. The stock has been moving largely higher over the past three weeks 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 April 2012 $4.00 call, which has traded 854 times on open interest of 608 contracts. Calls are outpacing puts today by 6 to 1. Origin Agritech Limited is a technology-focused crop seed company serving mainland China. The company's activities include the specialization in the research and development, production, and sales and marketing of crop seeds throughout the People's Republic of China
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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