THE MARKET TREND IS DOWN | VOLATILITY IS HIGH
The market is currently going down so focussing on buying puts 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 just like the market recently. The best option pick right now is to buy a $9.00 Put on SPWR with an expiry date of 09/16/2016.
SunPower Corporation is a global energy company.