March 3, 2011 1:11 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 DuPont Fabros Technology (NYSE: DFT) are lower on the session by 1.22%, currently trading at $23.46. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages.Options traders are buying calls on the name today. A short while ago the April 2011 $25.00 call was purchased 1,000 times, on the offer, on open interest of 1,082 contracts. Overall call volume is now running at 3.78x the daily average with 97% of all calls traded being purchases on the offer. DuPont Fabros Technology, Inc. through its operating subsidiaries, owns, develops, operates and manages large-scale data center facilities leased to tenants under long-term leases commonly referred to as wholesale data centers.
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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