Covered Call Alert: CARA THERAPEUTICS INC. COMMON $CARA returning up to 19.30% through 21-Feb-2020

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Quantchabot has detected a promising Covered Call trade opportunity for CARA THERAPEUTICS INC. COMMON (CARA) for the 21-Feb-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CARA was recently trading at $22.85 and has an implied volatility of 65.15% for this period. Based on an analysis of the options available for CARA expiring on 21-Feb-2020, there is a 68.27% likelihood that the underlying will close within the analyzed range of $15.13-$35.14 at expiration. In this scenario, the average linear return for the trade would be 10.30%.

Moneyness: These options are currently 1.53% in the money and there is a 52.29% likelihood that these options will be exercised before or at expiration.

Most upside: If CARA THERAPEUTICS INC. COMMON closes at or above $22.50, this trade could return up to 19.30%. Based on our analysis, there is a 52.32% 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 31.67% chance the underlying will close at or below its breakeven price of $18.86, 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 9/18/2019 2:02:26 PM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Covered Call Alert: OPKO HEALTH $OPK returning up to 18.34% through 20-Dec-2019

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Quantchabot has detected a promising Covered Call trade opportunity for OPKO HEALTH (OPK) for the 20-Dec-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

OPK was recently trading at $2.19 and has an implied volatility of 100.49% for this period. Based on an analysis of the options available for OPK expiring on 20-Dec-2019, there is a 68.27% likelihood that the underlying will close within the analyzed range of $1.36-$3.56 at expiration. In this scenario, the average linear return for the trade would be 10.97%.

Moneyness: These options are currently 8.47% in the money and there is a 57.34% likelihood that these options will be exercised before or at expiration.

Most upside: If OPKO HEALTH closes at or above $2.00, this trade could return up to 18.34%. Based on our analysis, there is a 57.73% 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 29.31% chance the underlying will close at or below its breakeven price of $1.69, 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 9/18/2019 10:39:28 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in BALL CORP $BLL

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Quantchabot has detected a promising Bull Call Spread trade opportunity for BALL CORP (BLL) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BLL was recently trading at $74.59 and has an implied volatility of 23.46% for this period. Based on an analysis of the options available for BLL expiring on 18-Oct-2019, there is a 35.07% likelihood that the underlying will close within the analyzed range of $74.60-$80.12 at expiration. In this scenario, the average linear return for the trade would be 50.29%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, BALL CORP was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying.

Trade approach: The recent sentiment change in BLL on StockTwits appears to be significantly positive, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bullish strategy could prove effective if the sentiment ultimately turns out to drive trading.

Upside potential: Using this bullish strategy, the trade would be profitable if BALL CORP closed at or above $74.15 on 18-Oct-2019. Based on our analysis, there is a 54.34% 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 9/18/2019 10:37:34 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Loser Alert: Trading today’s -15.0% move in MCDERMOTT INTERNATIONAL $MDR

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Quantchabot has detected a promising Short Risk Reversal trade opportunity for MCDERMOTT INTERNATIONAL (MDR) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MDR was recently trading at $5.00 and has an implied volatility of 129.51% for this period. Based on an analysis of the options available for MDR expiring on 18-Oct-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.69-$5.00 at expiration. In this scenario, the average linear return for the trade would be 77.86%.

Big -15.03% Change: After closing the last trading session at $5.88, MCDERMOTT INTERNATIONAL opened today at $5.73 and has reached a low of $4.99.

Trade approach: A movement as big as -15.03% is a significantly bearish indicator, so this trade is designed to be profitable if MDR maintains its current direction and does not revert back to pricing on the bullish side of $5.00 on 18-Oct-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 MCDERMOTT INTERNATIONAL closes at or below $5.25 on 18-Oct-2019. Based on our risk-neutral analysis, there is a 56.23% 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 9/18/2019 10:37:40 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 FIRSTENERGY $FE

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Quantchabot has detected a promising Bull Put Spread trade opportunity for FIRSTENERGY (FE) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

FE was recently trading at $48.07 and has an implied volatility of 15.62% for this period. Based on an analysis of the options available for FE expiring on 18-Oct-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $48.15-$50.50 at expiration. In this scenario, the average linear return for the trade would be 40.90%.

52 week high: FIRSTENERGY recently reached a new 52-week high at $48.26. FE had traded in the range $35.33-$48.10 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 FE maintains its current direction and does not revert back to pricing on the bearish side of $48.07 on 18-Oct-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 FIRSTENERGY closes at or above $48.00 on 18-Oct-2019. Based on our risk-neutral analysis, there is a 52.65% 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 9/18/2019 10:36:48 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Synthetic Long Discount Alert: TILRAY INC. CLASS 2 COMMON STOCK $TLRY trading at a 10.42% discount for the 15-Jan-2021 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for TILRAY INC. CLASS 2 COMMON STOCK (TLRY) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TLRY was recently trading at $30.49 and has an implied volatility of 52.52% for this period. Based on an analysis of the options available for TLRY expiring on 15-Jan-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $12.73-$77.21 at expiration. In this scenario, the average linear return for the trade would be 54.80%.

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 $30.00, which is already $0.49 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 $2.65 per share. The final position can be considered as having a discount of $3.14 per share over the underlying price of $30.49 for a 10.30% 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 9/18/2019 10:36:48 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in GENERAL MILLS $GIS

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Quantchabot has detected a promising Bull Put Spread trade opportunity for GENERAL MILLS (GIS) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

GIS was recently trading at $55.21 and has an implied volatility of 23.79% for this period. Based on an analysis of the options available for GIS expiring on 18-Oct-2019, there is a 35.27% likelihood that the underlying will close within the analyzed range of $55.20-$59.33 at expiration. In this scenario, the average linear return for the trade would be 39.66%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, GENERAL MILLS was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying.

Trade approach: The recent sentiment change in GIS on StockTwits appears to be moderately positive, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bullish strategy could prove effective if the sentiment ultimately turns out to drive trading.

Upside potential: Using this bullish strategy, the trade would be profitable if GENERAL MILLS closed at or above $54.29 on 18-Oct-2019. Based on our analysis, there is a 60.41% 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 9/18/2019 10:36:27 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Gainer Alert: Trading today’s 7.7% move in OPTION CARE HEALTH INC $BIOS

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Quantchabot has detected a promising Long Call trade opportunity for OPTION CARE HEALTH INC (BIOS) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BIOS was recently trading at $3.75 and has an implied volatility of 0.00% for this period. Based on an analysis of the options available for BIOS expiring on 18-Oct-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.76-$4.35 at expiration. In this scenario, the average linear return for the trade would be 21.54%.

Big 7.73% Change: After closing the last trading session at $3.48, OPTION CARE HEALTH INC opened today at $3.57 and has reached a high of $3.86.

Trade approach: A movement as big as 7.73% is a significantly bullish indicator, so this trade is designed to be profitable if BIOS maintains its current direction and does not revert back to pricing on the bearish side of $3.75 on 18-Oct-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 OPTION CARE HEALTH INC closes at or above $3.75 on 18-Oct-2019. Based on our risk-neutral analysis, there is a 50.40% 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 9/18/2019 10:36:22 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Synthetic Long Discount Alert: APHRIA INC $APHA trading at a 13.15% discount for the 15-Jan-2021 expiration

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

APHA was recently trading at $6.27 and has an implied volatility of 46.41% for this period. Based on an analysis of the options available for APHA expiring on 15-Jan-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $3.01-$13.80 at expiration. In this scenario, the average linear return for the trade would be 68.01%.

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 $1.23 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 $2.05 per share. The final position can be considered as having a discount of $0.82 per share over the underlying price of $6.27 for a 13.10% 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 9/18/2019 10:35:46 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 KONINKLIJKE PHILIPS $PHG

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Quantchabot has detected a promising Bull Put Spread trade opportunity for KONINKLIJKE PHILIPS (PHG) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PHG was recently trading at $48.53 and has an implied volatility of 17.34% for this period. Based on an analysis of the options available for PHG expiring on 18-Oct-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $48.61-$51.39 at expiration. In this scenario, the average linear return for the trade would be 33.20%.

52 week high: KONINKLIJKE PHILIPS recently reached a new 52-week high at $48.57. PHG had traded in the range $32.98-$48.28 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 PHG maintains its current direction and does not revert back to pricing on the bearish side of $48.53 on 18-Oct-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 KONINKLIJKE PHILIPS closes at or above $48.45 on 18-Oct-2019. Based on our risk-neutral analysis, there is a 52.42% 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 9/18/2019 10:35:45 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.