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.
On CNBC's "Fast Money Halftime Report", Jon Najarian said that options traders were buying the August 65/70 call spread in XPO Logistics Inc (NYSE:XPO) on Wednesday. He sees more room on the upside in the name and he decided to follow the trade. He is planning to hold the position for a month.
Pete Najarian noticed bullish options activity in United States Steel Corporation (NYSE:X). Around 8,000 contracts of the July 34 calls were traded in the first half of the session on Wednesday. Pete Najarian is bullish on the name and he decided to buy the calls.
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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