Synthetic Long Discount Alert: HERTZ GLOBAL HOLDINGS INC $HTZ trading at a 9.98% discount for the 18-Oct-2019 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for HERTZ GLOBAL HOLDINGS INC (HTZ) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HTZ was recently trading at $19.50 and has an implied volatility of 18.18% for this period. Based on an analysis of the options available for HTZ expiring on 18-Oct-2019, there is a 68.27% likelihood that the underlying will close within the analyzed range of $13.82-$27.97 at expiration. In this scenario, the average linear return for the trade would be 47.68%.

Upside potential: This synthetic long position offers the same potential benefits and liabilities as a long stock position, but at a discount due to the significant premium at-the-money puts are trading at over calls. In this case, the long call position is opened at a strike of $19.00, which is already $0.50 in the money. An out-of-the-money put at the same strike is sold to finance the call, resulting in a net credit of $1.45 per share. The final position can be considered as having a discount of $1.95 per share over the underlying price of $19.50 for a 10.00% total.

Downside risk: This discount is generally a sign of the stock facing considerable short pressure, and may indicate that the stock has become hard to borrow. However, if you have a long view of the underlying over this period, it could be a good opportunity to benefit from the upside at a major discount.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.


This is an automated post generated based on a market analysis of delayed data at 6/18/2019 1:52:38 PM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Covered Call Alert: AUDENTES THERAPEUTICS INC $BOLD returning up to 19.72% through 15-Nov-2019

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Quantchabot has detected a promising Covered Call trade opportunity for AUDENTES THERAPEUTICS INC (BOLD) for the 15-Nov-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BOLD was recently trading at $39.86 and has an implied volatility of 64.95% for this period. Based on an analysis of the options available for BOLD expiring on 15-Nov-2019, there is a 68.27% likelihood that the underlying will close within the analyzed range of $26.71-$60.67 at expiration. In this scenario, the average linear return for the trade would be 10.09%.

Moneyness: These options are currently 0.36% out of the money and there is a 50.61% likelihood that these options will be exercised before or at expiration.

Most upside: If AUDENTES THERAPEUTICS INC closes at or above $60.67, this trade could return up to 19.72%. Based on our analysis, there is a 15.87% likelihood of this return.

The downside: As with any covered call, the risk is substantial as it is vulnerable to a downturn in the underlying itself. There is a 32.47% chance the underlying will close at or below its breakeven price of $33.41, resulting in a net loss on the trade.

To find the best covered calls on the market, be sure to check out Quantcha’s covered call screener.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.


This is an automated post generated based on a market analysis of delayed data at 6/18/2019 12:01:47 PM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Synthetic Long Discount Alert: AURORA CANNABIS INC $ACB trading at a 10.16% discount for the 15-Jan-2021 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for AURORA CANNABIS INC (ACB) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ACB was recently trading at $7.63 and has an implied volatility of 37.62% for this period. Based on an analysis of the options available for ACB expiring on 15-Jan-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $3.90-$16.05 at expiration. In this scenario, the average linear return for the trade would be 62.39%.

Upside potential: This synthetic long position offers the same potential benefits and liabilities as a long stock position, but at a discount due to the significant premium at-the-money puts are trading at over calls. In this case, the long call position is opened at a strike of $7.00, which is already $0.63 in the money. An out-of-the-money put at the same strike is sold to finance the call, resulting in a net credit of $0.15 per share. The final position can be considered as having a discount of $0.78 per share over the underlying price of $7.63 for a 10.20% total.

Downside risk: This discount is generally a sign of the stock facing considerable short pressure, and may indicate that the stock has become hard to borrow. However, if you have a long view of the underlying over this period, it could be a good opportunity to benefit from the upside at a major discount.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.


This is an automated post generated based on a market analysis of delayed data at 6/18/2019 11:11:10 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Synthetic Long Discount Alert: ARLINGTON ASSET INVESTMNT $AI trading at a 10.93% discount for the 17-Jan-2020 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for ARLINGTON ASSET INVESTMNT (AI) for the 17-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

AI was recently trading at $6.91 and has an implied volatility of 14.22% for this period. Based on an analysis of the options available for AI expiring on 17-Jan-2020, there is a 68.27% likelihood that the underlying will close within the analyzed range of $5.23-$9.38 at expiration. In this scenario, the average linear return for the trade would be 63.09%.

Upside potential: This synthetic long position offers the same potential benefits and liabilities as a long stock position, but at a discount due to the significant premium at-the-money puts are trading at over calls. In this case, the put position is opened at a strike of $7.50, which is already $0.59 in-the-money. However, its sale more than offsets this moneyness and the cost of the long call that the trade results in a net credit of of $1.35 per share. The final position can be considered as having a discount of $0.76 per share over the underlying price of $6.91 for a 11.00% total.

Downside risk: This discount is generally a sign of the stock facing considerable short pressure, and may indicate that the stock has become hard to borrow. However, if you have a long view of the underlying over this period, it could be a good opportunity to benefit from the upside at a major discount.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.


This is an automated post generated based on a market analysis of delayed data at 6/18/2019 11:10:48 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

52-Week High Alert: Trading today’s movement in THERMO FISHER SCIENTIFIC $TMO

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Quantchabot has detected a promising Bull Put Spread trade opportunity for THERMO FISHER SCIENTIFIC (TMO) for the 19-Jul-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TMO was recently trading at $289.18 and has an implied volatility of 19.04% for this period. Based on an analysis of the options available for TMO expiring on 19-Jul-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $289.78-$306.73 at expiration. In this scenario, the average linear return for the trade would be 47.01%.

52 week high: THERMO FISHER SCIENTIFIC recently reached a new 52-week high at $289.69. TMO had traded in the range $202.83-$288.07 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if TMO maintains its current direction and does not revert back to pricing on the bearish side of $289.18 on 19-Jul-2019. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if THERMO FISHER SCIENTIFIC closes at or above $286.80 on 19-Jul-2019. Based on our risk-neutral analysis, there is a 57.21% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.


This is an automated post generated based on a market analysis of delayed data at 6/18/2019 10:43:37 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Loser Alert: Trading today’s -7.1% move in UNIQURE N.V. ORDINARY SHARES $QURE

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Quantchabot has detected a promising Short Risk Reversal trade opportunity for UNIQURE N.V. ORDINARY SHARES (QURE) for the 19-Jul-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

QURE was recently trading at $75.37 and has an implied volatility of 74.36% for this period. Based on an analysis of the options available for QURE expiring on 19-Jul-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $60.40-$75.53 at expiration. In this scenario, the average linear return for the trade would be 43.46%.

Big -7.11% Change: After closing the last trading session at $81.14, UNIQURE N.V. ORDINARY SHARES opened today at $79.98 and has reached a low of $73.55.

Trade approach: A movement as big as -7.11% is a significantly bearish indicator, so this trade is designed to be profitable if QURE maintains its current direction and does not revert back to pricing on the bullish side of $75.37 on 19-Jul-2019. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bearish strategy, the trade would be profitable if UNIQURE N.V. ORDINARY SHARES closes at or below $75.90 on 19-Jul-2019. Based on our risk-neutral analysis, there is a 50.88% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.


This is an automated post generated based on a market analysis of delayed data at 6/18/2019 10:42:57 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

52-Week High Alert: Trading today’s movement in HONEYWELL INTERNATIONAL $HON

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Quantchabot has detected a promising Bull Call Spread trade opportunity for HONEYWELL INTERNATIONAL (HON) for the 12-Jul-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HON was recently trading at $175.43 and has an implied volatility of 15.61% for this period. Based on an analysis of the options available for HON expiring on 12-Jul-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $175.71-$183.13 at expiration. In this scenario, the average linear return for the trade would be 50.51%.

52 week high: HONEYWELL INTERNATIONAL recently reached a new 52-week high at $175.43. HON had traded in the range $123.48-$174.34 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if HON maintains its current direction and does not revert back to pricing on the bearish side of $175.43 on 12-Jul-2019. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if HONEYWELL INTERNATIONAL closes at or above $175.65 on 12-Jul-2019. Based on our risk-neutral analysis, there is a 50.34% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.


This is an automated post generated based on a market analysis of delayed data at 6/18/2019 10:42:53 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

52-Week High Alert: Trading today’s movement in PAYPAL HOLDINGS CORP $PYPL

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Quantchabot has detected a promising Bull Put Spread trade opportunity for PAYPAL HOLDINGS CORP (PYPL) for the 19-Jul-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PYPL was recently trading at $116.45 and has an implied volatility of 26.31% for this period. Based on an analysis of the options available for PYPL expiring on 19-Jul-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $116.69-$125.86 at expiration. In this scenario, the average linear return for the trade would be 49.73%.

52 week high: PAYPAL HOLDINGS CORP recently reached a new 52-week high at $118.65. PYPL had traded in the range $74.66-$117.45 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if PYPL maintains its current direction and does not revert back to pricing on the bearish side of $116.45 on 19-Jul-2019. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if PAYPAL HOLDINGS CORP closes at or above $116.20 on 19-Jul-2019. Based on our risk-neutral analysis, there is a 52.23% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.


This is an automated post generated based on a market analysis of delayed data at 6/18/2019 10:41:54 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Loser Alert: Trading today’s -26.6% move in BIOHAVEN PHARMACEUTICAL HOLDING CO LTD $BHVN

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Quantchabot has detected a promising Bear Call Spread trade opportunity for BIOHAVEN PHARMACEUTICAL HOLDING CO LTD (BHVN) for the 19-Jul-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BHVN was recently trading at $42.08 and has an implied volatility of 91.87% for this period. Based on an analysis of the options available for BHVN expiring on 19-Jul-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $32.77-$42.17 at expiration. In this scenario, the average linear return for the trade would be 45.50%.

Big -26.64% Change: After closing the last trading session at $57.36, BIOHAVEN PHARMACEUTICAL HOLDING CO LTD opened today at $40.48 and has reached a low of $40.41.

Trade approach: A movement as big as -26.64% is a significantly bearish indicator, so this trade is designed to be profitable if BHVN maintains its current direction and does not revert back to pricing on the bullish side of $42.08 on 19-Jul-2019. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bearish strategy, the trade would be profitable if BIOHAVEN PHARMACEUTICAL HOLDING CO LTD closes at or below $43.30 on 19-Jul-2019. Based on our risk-neutral analysis, there is a 54.19% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.


This is an automated post generated based on a market analysis of delayed data at 6/18/2019 10:41:59 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Gainer Alert: Trading today’s 13.4% move in UNITED STATES CELLULAR $USM

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Quantchabot has detected a promising Bull Put Spread trade opportunity for UNITED STATES CELLULAR (USM) for the 19-Jul-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

USM was recently trading at $50.10 and has an implied volatility of 33.39% for this period. Based on an analysis of the options available for USM expiring on 19-Jul-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $50.20-$55.13 at expiration. In this scenario, the average linear return for the trade would be 21.95%.

Big 13.40% Change: After closing the last trading session at $44.18, UNITED STATES CELLULAR opened today at $47.25 and has reached a high of $51.18.

Trade approach: A movement as big as 13.40% is a significantly bullish indicator, so this trade is designed to be profitable if USM maintains its current direction and does not revert back to pricing on the bearish side of $50.10 on 19-Jul-2019. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if UNITED STATES CELLULAR closes at or above $49.10 on 19-Jul-2019. Based on our risk-neutral analysis, there is a 59.40% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.


This is an automated post generated based on a market analysis of delayed data at 6/18/2019 10:40:30 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.