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 AUY
AUY 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 $5.00 Call on AUY with an expiry date of 09/09/2016.
Yamana Gold Inc. (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada.