The Weekly Options Newsletter 02/17/2017

THE MARKET TREND IS UP | VOLATILITY IS HIGH

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The market is currently going up so favoring buying calls is a good idea right now. Volatility is relatively high so "at the money" options will be overpriced – try to focus more on "out of the money" options for the moment.

THE OPTION PICK FOR TODAY IS ABX

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ABX has been gaining a lot of exposure and this has resulted in it moving up just like the market recently. The best option pick right now is to buy a $21.00 Call on ABX with an expiry date of 02/24/2017.

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development.