Trade of the Week: Workhorse

09/18/2020 10:00 am EST

Focus: OPTIONS

Jay Soloff

Options Portfolio Manager, Options Floor Trader PRO

Investors have been very high on electric vehicle companies, so far this year, explains Jay Soloff.

While Tesla (TSLA) gets the most press as the leader in the industry, there are several smaller players who have seen plenty of action. One of these companies is Workhorse (WKHS), which makes electric delivery vans. WKHS has gotten a lot of positive attention recently, and the share price has spiked. Options action has also been brisk, with quite a bit of bullish action last week, including a one-week call spread with a high potential payout if the stock keeps climbing.

Jay Soloff is the options portfolio manager at Investors Alley. Click here for your copy of The Beginner’s Options Guide before it’s no longer free.

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