Options Action - Final Call From August 8

Mike Khouw said on the show that he is a buyer of Bank of America Corp

call options. He likes the idea of buying call options in cheap or oversold stocks. Bank of America gained 0.53% on Friday and it closed at $15.20. Stacy Gilbert thinks that it is a good idea to buy call options in Market Vector Russia ETF Trust

. She is a buyer of the September 25 call options. This ETF gained 2.50% on Friday and it closed at $23.79. Brian Stutland expects to see more volatility and he said that he is looking to buy options.