The Weekly Options Newsletter 07/06/2017

THE MARKET TREND IS SIDEWAYS | VOLATILITY IS HIGH

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 SPWR

SPWR 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 $8.00 Put on SPWR with an expiry date of 07/14/2017.

SunPower Corporation is a global energy company.