The Weekly Options Newsletter 07/31/2016

THE MARKET TREND IS UP | VOLATILITY IS HIGH

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 TRN

TRN 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 $24.00 Call on TRN with an expiry date of 08/05/2016.

Trinity Industries, Inc. is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical and construction sectors.