Trade ideas

Today’s trade idea for option traders: Vuzix Corp (trade closed)

trade idea for option traders

Vuzix Smart Glasses is a producer of augmented-reality (AR) glasses to free the people hands and increase productivity of maintenance technicians. Former generations of AR glasses, like Google’s, had largely failed with private consumers, but manufacturers have found new use cases in industrial and enterprise markets. Sales of Vuzix Smart Glasses jumped by 156% in the third quarter and Cathy Wood’s team from ARK Invest bought recently a stake in this company. So fundamentally, Vuzix seems to gain a foothold in the markets. From the trading perspective, there is an opportunity for option traders to try this one.