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 spoke about bullish options activity in Pinnacle Foods Inc (NYSE:PF). He explained that the stock traded higher on rumors about a possible takeover.
Najarian noticed unusually high volume in the December 65 calls, but several other strikes were pretty active too. He decided to buy calls in Pinnacle Foods and he is planning to hold them between 10 days and a month.
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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