StockTwits Trending Alert: Trading recent interest in SLACK TECHNOLOGIES INC $WORK

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

WORK was recently trading at $25.43 and has an implied volatility of 66.84% for this period. Based on an analysis of the options available for WORK expiring on 21-Feb-2020, there is a 33.82% likelihood that the underlying will close within the analyzed range of $22.71-$25.42 at expiration. In this scenario, the average linear return for the trade would be 54.31%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, SLACK TECHNOLOGIES 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 WORK 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 SLACK TECHNOLOGIES INC closed at or below $25.55 on 21-Feb-2020. Based on our analysis, there is a 51.48% 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.