$NUS To Decline From Current Prices

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I think the rally in $NUS has run its course for the short and medium terms and I also believe the stock is poised for a sharp correction in the coming days and weeks.

In anticipation of this, I entered the $130 puts last week. I also alerted these in the chat room and private twitter. I made a similar call last fall (I try to rhyme if I have the time) on $PSMT: http://www.optionmillionaires.com/psmt-profits/ http://www.optionmillionaires.com/psmt-pricedumb/

My puts ended up going over 500% on a late-week move to the downside. Look at $PSMT this past week. It's seen a sharp pullback. I think $NUS will see a sharp decline as well and those buying out of the money puts will reap a nice profit.

This is a recent $PSMT chart:

psmt11314

I think $NUS will see a very similar decline.

nus123

nus1234

I own the $130 puts and will be looking farther out to reap significant profits when $NUS hits the range I think it will early this year.

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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