The Weekly Options Newsletter 09/09/2016

THE MARKET TREND IS DOWN | VOLATILITY IS HIGH

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The market is currently going down so focussing on buying puts 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 NE

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NE has been gaining a lot of exposure and this has resulted in it moving down just like the market recently. The best option pick right now is to buy a $5.00 Put on NE with an expiry date of 09/16/2016.

Noble Corporation plc is an offshore drilling contractor for the oil and gas industry.