Covered Call Alert: ESPERION THERAPEUTICS INC. CO $ESPR returning up to 31.93% through 19-Jun-2020

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Quantchabot has detected a promising Covered Call trade opportunity for ESPERION THERAPEUTICS INC. CO (ESPR) for the 19-Jun-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ESPR was recently trading at $50.56 and has an implied volatility of 68.93% for this period. Based on an analysis of the options available for ESPR expiring on 19-Jun-2020, there is a 68.27% likelihood that the underlying will close within the analyzed range of $33.23-$78.06 at expiration. In this scenario, the average linear return for the trade would be 10.06%.

Moneyness: These options are currently 18.69% out of the money and there is a 34.90% likelihood that these options will be exercised before or at expiration.

Most upside: If ESPERION THERAPEUTICS INC. CO closes at or above $60.00, this trade could return up to 31.93%. Based on our analysis, there is a 35.06% 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 39.55% chance the underlying will close at or below its breakeven price of $45.48, 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.

Covered Call Alert: HERON THERAPEUTICS INC. COMMO $HRTX returning up to 23.93% through 19-Jun-2020

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Quantchabot has detected a promising Covered Call trade opportunity for HERON THERAPEUTICS INC. COMMO (HRTX) for the 19-Jun-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HRTX was recently trading at $24.47 and has an implied volatility of 69.11% for this period. Based on an analysis of the options available for HRTX expiring on 19-Jun-2020, there is a 68.27% likelihood that the underlying will close within the analyzed range of $16.00-$37.98 at expiration. In this scenario, the average linear return for the trade would be 10.23%.

Moneyness: These options are currently 6.30% out of the money and there is a 45.19% likelihood that these options will be exercised before or at expiration.

Most upside: If HERON THERAPEUTICS INC. COMMO closes at or above $26.00, this trade could return up to 23.93%. Based on our analysis, there is a 45.10% 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 35.45% chance the underlying will close at or below its breakeven price of $20.98, 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.

StockTwits Trending Alert: Trading recent interest in UNITED STATES OIL $USO

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Quantchabot has detected a promising Bear Call Spread trade opportunity for UNITED STATES OIL (USO) for the 31-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

USO was recently trading at $11.53 and has an implied volatility of 32.90% for this period. Based on an analysis of the options available for USO expiring on 31-Jan-2020, there is a 34.18% likelihood that the underlying will close within the analyzed range of $10.97-$11.54 at expiration. In this scenario, the average linear return for the trade would be 58.02%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, UNITED STATES OIL 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 USO on StockTwits appears to be significantly negative, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bearish strategy could prove effective if the sentiment ultimately turns out to drive trading.

Upside potential: Using this bearish strategy, the trade would be profitable if UNITED STATES OIL closed at or below $11.54 on 31-Jan-2020. Based on our analysis, there is a 50.39% 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.

Big Gainer Alert: Trading today’s 26.7% move in SLM $SLM

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Quantchabot has detected a promising Bull Call Spread trade opportunity for SLM (SLM) for the 20-Mar-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SLM was recently trading at $11.52 and has an implied volatility of 31.58% for this period. Based on an analysis of the options available for SLM expiring on 20-Mar-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $11.55-$13.19 at expiration. In this scenario, the average linear return for the trade would be 43.34%.

Big 26.68% Change: After closing the last trading session at $9.09, SLM opened today at $11.15 and has reached a high of $11.84.

Trade approach: A movement as big as 26.68% is a significantly bullish indicator, so this trade is designed to be profitable if SLM maintains its current direction and does not revert back to pricing on the bearish side of $11.52 on 20-Mar-2020. 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 SLM closes at or above $11.34 on 20-Mar-2020. Based on our risk-neutral analysis, there is a 55.37% 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.

52-Week High Alert: Trading today’s movement in MICRON TECHNOLOGY $MU

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Quantchabot has detected a promising Bull Call Spread trade opportunity for MICRON TECHNOLOGY (MU) for the 6-Mar-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MU was recently trading at $59.28 and has an implied volatility of 35.74% for this period. Based on an analysis of the options available for MU expiring on 6-Mar-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $59.40-$67.07 at expiration. In this scenario, the average linear return for the trade would be 62.52%.

52 week high: MICRON TECHNOLOGY recently reached a new 52-week high at $60.56. MU had traded in the range $32.14-$59.18 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 MU maintains its current direction and does not revert back to pricing on the bearish side of $59.28 on 6-Mar-2020. 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 MICRON TECHNOLOGY closes at or above $59.33 on 6-Mar-2020. Based on our risk-neutral analysis, there is a 50.38% 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.

Synthetic Long Discount Alert: MACERICH $MAC trading at a 11.71% discount for the 21-Jan-2022 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for MACERICH (MAC) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MAC was recently trading at $25.49 and has an implied volatility of 14.38% for this period. Based on an analysis of the options available for MAC expiring on 21-Jan-2022, there is a 68.27% likelihood that the underlying will close within the analyzed range of $16.72-$41.98 at expiration. In this scenario, the average linear return for the trade would be 66.97%.

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 $25.00, 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 $2.50 per share. The final position can be considered as having a discount of $2.99 per share over the underlying price of $25.49 for a 11.72% 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.

StockTwits Trending Alert: Trading recent interest in TEXAS INSTRUMENTS $TXN

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Quantchabot has detected a promising Bear Call Spread trade opportunity for TEXAS INSTRUMENTS (TXN) for the 31-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TXN was recently trading at $130.35 and has an implied volatility of 22.93% for this period. Based on an analysis of the options available for TXN expiring on 31-Jan-2020, there is a 40.43% likelihood that the underlying will close within the analyzed range of $124.26-$130.35 at expiration. In this scenario, the average linear return for the trade would be 60.46%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, TEXAS INSTRUMENTS 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 TXN on StockTwits appears to be moderately negative, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bearish strategy could prove effective if the sentiment ultimately turns out to drive trading.

Upside potential: Using this bearish strategy, the trade would be profitable if TEXAS INSTRUMENTS closed at or below $130.57 on 31-Jan-2020. Based on our analysis, there is a 57.89% 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.

Big Loser Alert: Trading today’s -12.6% move in ALLAKOS INC. COMMON STOCK $ALLK

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Quantchabot has detected a promising Short Risk Reversal trade opportunity for ALLAKOS INC. COMMON STOCK (ALLK) for the 21-Feb-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ALLK was recently trading at $72.76 and has an implied volatility of 87.51% for this period. Based on an analysis of the options available for ALLK expiring on 21-Feb-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $57.43-$72.86 at expiration. In this scenario, the average linear return for the trade would be 23.47%.

Big -12.60% Change: After closing the last trading session at $83.25, ALLAKOS INC. COMMON STOCK opened today at $79.75 and has reached a low of $72.01.

Trade approach: A movement as big as -12.60% is a significantly bearish indicator, so this trade is designed to be profitable if ALLK maintains its current direction and does not revert back to pricing on the bullish side of $72.76 on 21-Feb-2020. 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 ALLAKOS INC. COMMON STOCK closes at or below $74.20 on 21-Feb-2020. Based on our risk-neutral analysis, there is a 53.06% 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.

Synthetic Long Discount Alert: B&G FOODS $BGS trading at a 13.31% discount for the 21-Jan-2022 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for B&G FOODS (BGS) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BGS was recently trading at $16.03 and has an implied volatility of 17.75% for this period. Based on an analysis of the options available for BGS expiring on 21-Jan-2022, there is a 68.27% likelihood that the underlying will close within the analyzed range of $9.38-$29.61 at expiration. In this scenario, the average linear return for the trade would be 75.34%.

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 $15.00, which is already $1.03 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 $1.10 per share. The final position can be considered as having a discount of $2.13 per share over the underlying price of $16.03 for a 13.30% 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.

StockTwits Trending Alert: Trading recent interest in ISHARES 20+ YEAR TREASURY BOND $TLT

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Quantchabot has detected a promising Bull Call Spread trade opportunity for ISHARES 20+ YEAR TREASURY BOND (TLT) for the 31-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TLT was recently trading at $141.07 and has an implied volatility of 11.26% for this period. Based on an analysis of the options available for TLT expiring on 31-Jan-2020, there is a 34.79% likelihood that the underlying will close within the analyzed range of $141.09-$143.54 at expiration. In this scenario, the average linear return for the trade would be 77.25%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, ISHARES 20+ YEAR TREASURY BOND 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 TLT 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 ISHARES 20+ YEAR TREASURY BOND closed at or above $141.04 on 31-Jan-2020. Based on our analysis, there is a 51.40% 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.