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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Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that GoPro Inc (NASDAQ: GPRO) looks interesting ahead of earnings.
“We’re seeing bullish activity, particularly earlier this week on the February monthly $55 line,” Kinahan said, adding that there was more activity in the weekly $53.5 line on Wednesday.
There was about twice the normal call activity in GoPro, he explained. The stock is expected to move close to 10 percent (up or down) based on options activity.
Worth noting: He did mention that GoPro options activity doesn’t have as much volume as other stocks like Twitter.
GoPro is trading down nearly 5 percent this Wednesday, one day before earnings.
Brianna Valleskey contributed to this report.
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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