Category Archives: Trade Ideas

Covered Call Alert: CORCEPT THERAPEUTICS $CORT returning up to 16.85% through 17-May-2019

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Quantchabot has detected a promising Covered Call trade opportunity for CORCEPT THERAPEUTICS (CORT) for the 17-May-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CORT was recently trading at $12.72 and has an implied volatility of 64.17% for this period. Based on an analysis of the options available for CORT expiring on 17-May-2019, there is a 68.27% likelihood that the underlying will close within the analyzed range of $8.49-$19.50 at expiration. In this scenario, the average linear return for the trade would be 10.13%.

Moneyness: These options are currently 5.62% in the money and there is a 56.36% likelihood that these options will be exercised before or at expiration.

Most upside: If CORCEPT THERAPEUTICS closes at or above $12.00, this trade could return up to 16.85%. Based on our analysis, there is a 56.68% 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 29.36% chance the underlying will close at or below its breakeven price of $10.27, 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 12/11/2018 2:12:00 PM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Synthetic Long Discount Alert: BP PRUDHOE BAY $BPT trading at a 10.29% discount for the 21-Jun-2019 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for BP PRUDHOE BAY (BPT) for the 21-Jun-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BPT was recently trading at $27.69 and has an implied volatility of 25.65% for this period. Based on an analysis of the options available for BPT expiring on 21-Jun-2019, there is a 68.27% likelihood that the underlying will close within the analyzed range of $19.99-$39.59 at expiration. In this scenario, the average linear return for the trade would be 54.64%.

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 $30.00, which is already $2.31 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 $5.15 per share. The final position can be considered as having a discount of $2.84 per share over the underlying price of $27.69 for a 10.26% 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 12/11/2018 11:22:36 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 SIMON PROPERTY GROUP $SPG

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Quantchabot has detected a promising Bull Put Spread trade opportunity for SIMON PROPERTY GROUP (SPG) for the 18-Jan-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SPG was recently trading at $188.71 and has an implied volatility of 20.45% for this period. Based on an analysis of the options available for SPG expiring on 18-Jan-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $189.24-$202.37 at expiration. In this scenario, the average linear return for the trade would be 52.90%.

52 week high: SIMON PROPERTY GROUP recently reached a new 52-week high at $191.49. SPG had traded in the range $145.78-$191.16 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 SPG maintains its current direction and does not revert back to pricing on the bearish side of $188.71 on 18-Jan-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 SIMON PROPERTY GROUP closes at or above $188.25 on 18-Jan-2019. Based on our risk-neutral analysis, there is a 53.11% 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 12/11/2018 10:44:34 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Gainer Alert: Trading today’s 7.4% move in INTRA-CELLULAR THERAPIES INC. $ITCI

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Quantchabot has detected a promising Covered Call trade opportunity for INTRA-CELLULAR THERAPIES INC. (ITCI) for the 15-Feb-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ITCI was recently trading at $16.48 and has an implied volatility of 97.23% for this period. Based on an analysis of the options available for ITCI expiring on 15-Feb-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $16.48-$26.03 at expiration. In this scenario, the average linear return for the trade would be 25.42%.

Big 7.43% Change: After closing the last trading session at $15.34, INTRA-CELLULAR THERAPIES INC. opened today at $15.61 and has reached a high of $16.76.

Trade approach: A movement as big as 7.43% is a significantly bullish indicator, so this trade is designed to be profitable if ITCI maintains its current direction and does not revert back to pricing on the bearish side of $16.48 on 15-Feb-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 INTRA-CELLULAR THERAPIES INC. closes at or above $16.35 on 15-Feb-2019. Based on our risk-neutral analysis, there is a 50.68% 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 12/11/2018 10:44:06 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 VMWARE $VMW

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Quantchabot has detected a promising Bull Put Spread trade opportunity for VMWARE (VMW) for the 25-Jan-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

VMW was recently trading at $167.14 and has an implied volatility of 32.46% for this period. Based on an analysis of the options available for VMW expiring on 25-Jan-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $167.70-$188.13 at expiration. In this scenario, the average linear return for the trade would be 46.21%.

52 week high: VMWARE recently reached a new 52-week high at $169.25. VMW had traded in the range $108.46-$168.89 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 VMW maintains its current direction and does not revert back to pricing on the bearish side of $167.14 on 25-Jan-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 VMWARE closes at or above $166.80 on 25-Jan-2019. Based on our risk-neutral analysis, there is a 51.87% 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 12/11/2018 10:43:36 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Loser Alert: Trading today’s -11.4% move in ACORDA THERAPEUTICS $ACOR

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Quantchabot has detected a promising Short Risk Reversal trade opportunity for ACORDA THERAPEUTICS (ACOR) for the 18-Jan-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ACOR was recently trading at $16.87 and has an implied volatility of 129.87% for this period. Based on an analysis of the options available for ACOR expiring on 18-Jan-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $11.28-$16.90 at expiration. In this scenario, the average linear return for the trade would be 75.71%.

Big -11.35% Change: After closing the last trading session at $19.03, ACORDA THERAPEUTICS opened today at $17.02 and has reached a low of $16.00.

Trade approach: A movement as big as -11.35% is a significantly bearish indicator, so this trade is designed to be profitable if ACOR maintains its current direction and does not revert back to pricing on the bullish side of $16.87 on 18-Jan-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 ACORDA THERAPEUTICS closes at or below $17.35 on 18-Jan-2019. Based on our risk-neutral analysis, there is a 52.57% 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 12/11/2018 10:43:36 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in DSW $DSW

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Quantchabot has detected a promising Bull Put Spread trade opportunity for DSW (DSW) for the 21-Dec-2018 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DSW was recently trading at $24.66 and has an implied volatility of 54.07% for this period. Based on an analysis of the options available for DSW expiring on 21-Dec-2018, there is a 34.40% likelihood that the underlying will close within the analyzed range of $24.64-$27.31 at expiration. In this scenario, the average linear return for the trade would be 45.21%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, DSW 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 DSW 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 DSW closed at or above $24.20 on 21-Dec-2018. Based on our analysis, there is a 57.27% 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 12/11/2018 10:43:35 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in STITCH FIX INC. CLASS A COMMON STOCK $SFIX

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Quantchabot has detected a promising Bear Put Spread trade opportunity for STITCH FIX INC. CLASS A COMMON STOCK (SFIX) for the 21-Dec-2018 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SFIX was recently trading at $19.43 and has an implied volatility of 102.37% for this period. Based on an analysis of the options available for SFIX expiring on 21-Dec-2018, there is a 33.98% likelihood that the underlying will close within the analyzed range of $16.38-$19.43 at expiration. In this scenario, the average linear return for the trade would be 76.38%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, STITCH FIX INC. CLASS A COMMON STOCK 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 SFIX 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 STITCH FIX INC. CLASS A COMMON STOCK closed at or below $19.45 on 21-Dec-2018. Based on our analysis, there is a 50.14% 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 12/11/2018 10:43:08 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

52-Week Low Alert: Trading today’s movement in CITIGROUP $C

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Quantchabot has detected a promising Bear Put Spread trade opportunity for CITIGROUP (C) for the 11-Jan-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

C was recently trading at $57.82 and has an implied volatility of 32.12% for this period. Based on an analysis of the options available for C expiring on 11-Jan-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $52.76-$57.95 at expiration. In this scenario, the average linear return for the trade would be 89.16%.

52 week low: CITIGROUP recently reached a new 52-week low at $57.62. C had traded in the range $58.14-$80.70 over the past year.

Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if C maintains its current direction and does not revert back to pricing on the bullish side of $57.82 on 11-Jan-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 CITIGROUP closes at or below $58.03 on 11-Jan-2019. Based on our risk-neutral analysis, there is a 50.62% 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 12/11/2018 10:42:51 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Gainer Alert: Trading today’s 7.2% move in QUIDEL $QDEL

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Quantchabot has detected a promising Long Risk Reversal trade opportunity for QUIDEL (QDEL) for the 18-Jan-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

QDEL was recently trading at $51.43 and has an implied volatility of 56.42% for this period. Based on an analysis of the options available for QDEL expiring on 18-Jan-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $51.44-$63.27 at expiration. In this scenario, the average linear return for the trade would be 34.33%.

Big 7.18% Change: After closing the last trading session at $47.98, QUIDEL opened today at $47.14 and has reached a high of $51.43.

Trade approach: A movement as big as 7.18% is a significantly bullish indicator, so this trade is designed to be profitable if QDEL maintains its current direction and does not revert back to pricing on the bearish side of $51.43 on 18-Jan-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 QUIDEL closes at or above $50.35 on 18-Jan-2019. Based on our risk-neutral analysis, there is a 54.10% 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 12/11/2018 10:42:51 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.