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 JCP
JCP 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 $4.00 Put on JCP with an expiry date of 08/18/2017.
J. C. Penney Company, Inc.