February 18, 2015 11:35 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.
Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that shares of
SolarCity Corp (NASDAQ: SCTY) are trading just above its 200-day moving average, making it "interesting" heading in to its fourth quarter results on Wednesday after market close.Kinahan added that shares of SolarCity have had a "nice run" as of late, suggesting that it may be "difficult" for shares to move after its earnings report unless the company "blows it away." The strategist however added that "so often it is tough to see the explosion on earnings."Kinahan said that he is expecting a seven percent move in shares post earnings.Kinahan finally noted that he observed a lot of buyers in the $60 weekly call options over the last few trading sessions. Jayson Derrick and 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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