Recently on Stockpickr Answers, Jud Pyle, CFA, chief investment strategist for the Options News Network and portfolio manager of Options Alerts, responded to a batch of questions posed by members of the Stockpickr community.

Here are a few of those questions and Pyle's answers.

What's the best way options-wise to play the ongoing uncertainty in stocks, suchas Wells Fargo , JP Morgan Chase and Goldman Sachs ?


If you are bearish on these names, I like to buy short dated in-the-money bear put spreads. I have a hard time outright buying puts because implied volatility is



Pyle's full answer.

What are the options showing on Apple ?


The options do not give clear guidance.

Pyle's full answer.

Does anyone like Alcoa at these prices? Nice dividend currently, I know it might get cut, but like GE , sometimes a dividend cut can be a good thing.


I do like AA as a cheap play on the market rallying.

Pyle's full answer.

I have been buying puts mainly around the low end of the trading range and I try selling out-of-the-money puts below strong support. I like selling current expiration month... I have recently been experimenting with the next month's expiration... What is your strategy in selling puts?


Very similar to what you describe. I like to look for companies that have solid fundamentals, and these days, that is pretty easy because there are so many cheap stocks. Then I look for a support level that corresponds to a price to earnings level that I think is realistic.

Pyle's full answer.

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