The Weekly Options Newsletter 05/08/2017

THE MARKET TREND IS UP | VOLATILITY IS HIGH

CHART

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 ZNGA

CHART

CHART

ZNGA 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 $3.00 Call on ZNGA with an expiry date of 05/12/2017.

Zynga Inc. is a provider of social game services.