Three Names with Cheap Options

S&P 500 futures drove the market higher yesterday and today we can see the market recoil.

SPY is trading at 422.36 as I write this…

Image from wallstreet.io

Since the market is dipping, it wouldn’t necessarily be a good day to profit from stocks unless you are day-trading the VWAP with Kenny Glick…

But instead of trading stocks, I trade options – because of the asymmetric potential to profit.

With options, you can profit even when the market is having a down-day.

And these three names have cheap, low-risk options you can play right now…

Airlines have topped out and I am looking to short AAL.

It is currently trading at $15.01…

Image from wallstreet.io

I’d look for some cheap puts here.

FCEL blew higher above $5 and is dropping fast.

It is now trading at $4.83 as I write this.

Image from wallstreet.io

I’ll look for a cheap chance to fade FCEL.

Natural gas names are running higher.

I think TELL will make a move to $5 and is currently trading right above $4…

Image from wallstreet.io

I’d buy cheap calls here.

In the Inside Money Trader room, I recommend simple calls and puts like these for under $300 each – and the next one is coming soon.

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Until next time,

Mark Sebastian

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