THE MARKET TREND IS UP | VOLATILITY IS HIGH
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 KORS
KORS 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 $46.00 Call on KORS with an expiry date of 08/11/2017.
Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos.