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 URBN
URBN 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 $19.00 Call on URBN with an expiry date of 08/25/2017.
Urban Outfitters, Inc. is a lifestyle specialty retail company.