What is the best option trade for applied graphene materials for August 16th expiration

The best option trade for Applied Graphene Materials (AGM) for August 16th expiration would be to Sell the Option.

1. Technical Indicators Point to a Sell: The Trend Strength Indicator (ADX) for AGM is at 78.52, indicating a strong sell signal. Additionally, the Moving Average Convergence Divergence (MACD) is less than -0.01, suggesting a sell signal.
2. Bearish Sentiment: The overall technical sentiment for AGM is bearish, with the majority of indicators pointing to sell signals. The Relative Strength Index (RSI) is at 9.25, which typically suggests a Buy signal; however, given the broader bearish context, it may not be a reliable signal in this case.
3. Pivot Point Analysis: The current price of AGM is below the support levels indicated by the pivot points, which suggests a downward trend is likely to continue.
4. Implied Volatility: The weekly volatility for AGM is low at 1.54%, which could indicate a low probability of the option expiring in-the-money. This, combined with the bearish technical indicators, suggests that the option is more likely to expire worthless.
5. Market Performance: AGM's stock price has been in a downtrend, with a significant drop predicted for the next few months. This suggests that the option trade should align with this bearish sentiment, and selling the option could be a prudent choice.

In conclusion, given the strong sell signals from technical indicators and the bearish outlook for AGM's stock price, selling an option on AGM for August 16th expiration seems to be the optimal trade.