20-Year Pro Trader Reveals His “MoneyLine” – Berkshire Hathaway Purchases Stake in Chubb Limited

Are you tired of using complicated indicators to make trading decisions? Well, you’re in luck because a 20-year pro trader has revealed his secret weapon – the “MoneyLine”. This simple line on a chart has helped Nic Chahine win 83% of his options buys, and now he’s sharing his strategy with the world.

In recent news, Berkshire Hathaway, led by Warren Buffett, disclosed a 6% stake in Chubb Limited (NYSE:CB), purchasing 25.92 million shares of the stock valued at roughly $6.7 billion. This move has caused Chubb shares to trade at all-time highs, with gains of over 18% in the last six months. Chubb is one of the largest domestic property and casualty insurers, operating in 54 countries.

If you’re interested in buying CB stock, you can do so through a brokerage account. Many platforms offer the option to buy fractional shares, allowing you to own portions of stock without buying a whole share. For example, with Chubb trading at $263.19, $100 would buy you 0.38 shares of stock.

On the other hand, if you’re looking to bet against a company, you’ll need access to an options trading platform or a broker who allows you to ‘go short’ a share of stock. This process can be more complex, but it allows you to profit off of a share price decline.

As of publication time, Chubb shares are up 4.15% at $263.46. So, whether you’re looking to buy or sell CB stock, now is the time to make your move.

Don’t miss out on this opportunity to learn from a seasoned pro trader and potentially win $500 in stock or crypto. Enter your email for a chance to win and receive Benzinga’s ultimate morning update, along with a free $30 gift card and more!

Remember, Benzinga does not provide investment advice, so always do your own research before making any trading decisions. Good luck and happy trading!