The Weekly Options Newsletter 08/15/2017

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 UVXY

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UVXY has been gaining a lot of exposure and this has resulted in it moving down despite the market being sideways recently. The best option pick right now is to buy a $30.00 Put on UVXY with an expiry date of 08/18/2017.