StockTwits Trending Alert: Trading recent interest in RINGCENTRAL INC. $RNG

Quantcha now offering unlimited commission-free options trading.

Quantchabot has detected a promising Bear Call Spread trade opportunity for RINGCENTRAL INC. (RNG) for the 21-Feb-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

RNG was recently trading at $230.26 and has an implied volatility of 35.84% for this period. Based on an analysis of the options available for RNG expiring on 21-Feb-2020, there is a 33.25% likelihood that the underlying will close within the analyzed range of $216.35-$230.05 at expiration. In this scenario, the average linear return for the trade would be 34.23%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, RINGCENTRAL INC. 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 RNG 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 RINGCENTRAL INC. closed at or below $232.55 on 21-Feb-2020. Based on our analysis, there is a 55.96% 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.