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 PBYI
PBYI 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 $49.00 Put on PBYI with an expiry date of 10/21/2016.
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