Trade Alert: Buy Calls on XLU, MRK & SPWR
Two Mondays ago, the Volatility Index (VIX) was pushing up to 40, making option prices relatively expensive. Today, the VIX is back down in the low 20s. That’s a welcome drop since it makes option prices more reasonable, on average. It’s also earnings season, though. And steep drops in shares of Meta Platforms (FB) and PayPal (PYPL) have individual stock investors on edge. So, some stock options are still richly priced. My system identified a number of “pop” candidates this week.
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