The Weekly Options Newsletter 08/03/2017

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 ILMN

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ILMN 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 $202.00 Call on ILMN with an expiry date of 08/11/2017.

Illumina, Inc. (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis.