The Weekly Options Newsletter 08/18/2017

THE MARKET TREND IS SIDEWAYS | VOLATILITY IS HIGH

CHART

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

CHART

CHART

UVXY 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 $39.00 Call on UVXY with an expiry date of 08/25/2017.