The Weekly Options Newsletter 06/28/2017

THE MARKET TREND IS SIDEWAYS | VOLATILITY IS HIGH

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The market is currently in a sideways mode so buying both puts and 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 CBI

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CBI has been gaining a lot of exposure and this has resulted in it moving up despite the market being sideways recently. The best option pick right now is to buy a $19.00 Call on CBI with an expiry date of 07/07/2017.

Chicago Bridge & Iron Company N.V.