Synthetic Long Discount Alert: CO-DIAGNOSTICS INC. COMMON STOCK $CODX trading at a 16.50% discount for the 20-Nov-2020 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for CO-DIAGNOSTICS INC. COMMON STOCK (CODX) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CODX was recently trading at $9.94 and has an implied volatility of 202.12% for this period. Based on an analysis of the options available for CODX expiring on 20-Nov-2020, there is a 68.27% likelihood that the underlying will close within the analyzed range of $2.02-$49.55 at expiration. In this scenario, the average linear return for the trade would be 83.65%.

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 $10.00, which is already $0.06 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 $1.70 per share. The final position can be considered as having a discount of $1.64 per share over the underlying price of $9.94 for a 16.50% 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 AXSOME THERAPEUTICS INC. COMMON STOCK $AXSM

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Quantchabot has detected a promising Long Risk Reversal trade opportunity for AXSOME THERAPEUTICS INC. COMMON STOCK (AXSM) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

AXSM was recently trading at $57.09 and has an implied volatility of 125.41% for this period. Based on an analysis of the options available for AXSM expiring on 17-Apr-2020, there is a 34.08% likelihood that the underlying will close within the analyzed range of $57.12-$71.26 at expiration. In this scenario, the average linear return for the trade would be 45.14%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, AXSOME THERAPEUTICS INC. 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 AXSM 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 AXSOME THERAPEUTICS INC. COMMON STOCK closed at or above $57.00 on 17-Apr-2020. Based on our analysis, there is a 50.34% 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.

StockTwits Trending Alert: Trading recent interest in CAPRI HOLDINGS LTD $CPRI

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Quantchabot has detected a promising Bull Put Spread trade opportunity for CAPRI HOLDINGS LTD (CPRI) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CPRI was recently trading at $8.53 and has an implied volatility of 174.79% for this period. Based on an analysis of the options available for CPRI expiring on 17-Apr-2020, there is a 25.54% likelihood that the underlying will close within the analyzed range of $9.12-$11.63 at expiration. In this scenario, the average linear return for the trade would be 36.58%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, CAPRI HOLDINGS LTD 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 CPRI 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 CAPRI HOLDINGS LTD closed at or above $9.05 on 17-Apr-2020. Based on our analysis, there is a 42.45% 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.

StockTwits Trending Alert: Trading recent interest in THE SIMPLY GOOD FOODS COMPANY COMMON STOCK $SMPL

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Quantchabot has detected a promising Covered Put trade opportunity for THE SIMPLY GOOD FOODS COMPANY COMMON STOCK (SMPL) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SMPL was recently trading at $18.77 and has an implied volatility of 116.05% for this period. Based on an analysis of the options available for SMPL expiring on 17-Apr-2020, there is a 44.82% likelihood that the underlying will close within the analyzed range of $15.29-$19.85 at expiration. In this scenario, the average linear return for the trade would be 29.53%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, THE SIMPLY GOOD FOODS COMPANY 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 SMPL 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 THE SIMPLY GOOD FOODS COMPANY COMMON STOCK closed at or below $20.40 on 17-Apr-2020. Based on our analysis, there is a 65.69% 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.

StockTwits Trending Alert: Trading recent interest in ETSY INC. COMMON STOCK $ETSY

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Quantchabot has detected a promising Covered Put trade opportunity for ETSY INC. COMMON STOCK (ETSY) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ETSY was recently trading at $38.15 and has an implied volatility of 77.18% for this period. Based on an analysis of the options available for ETSY expiring on 17-Apr-2020, there is a 48.60% likelihood that the underlying will close within the analyzed range of $33.29-$40.14 at expiration. In this scenario, the average linear return for the trade would be 169.70%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, ETSY INC. 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 ETSY 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 ETSY INC. COMMON STOCK closed at or below $56.40 on 17-Apr-2020. Based on our analysis, there is a 99.79% 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.

StockTwits Trending Alert: Trading recent interest in WAYFAIR INC $W

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Quantchabot has detected a promising Bull Call Spread trade opportunity for WAYFAIR INC (W) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

W was recently trading at $50.63 and has an implied volatility of 182.59% for this period. Based on an analysis of the options available for W expiring on 17-Apr-2020, there is a 3.14% likelihood that the underlying will close within the analyzed range of $67.25-$69.96 at expiration. In this scenario, the average linear return for the trade would be 170.25%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, WAYFAIR 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 W 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 WAYFAIR INC closed at or above $57.50 on 17-Apr-2020. Based on our analysis, there is a 34.72% 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.

StockTwits Trending Alert: Trading recent interest in NETFLIX $NFLX

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Quantchabot has detected a promising Bull Call Spread trade opportunity for NETFLIX (NFLX) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

NFLX was recently trading at $361.76 and has an implied volatility of 48.98% for this period. Based on an analysis of the options available for NFLX expiring on 17-Apr-2020, there is a 28.11% likelihood that the underlying will close within the analyzed range of $366.66-$394.63 at expiration. In this scenario, the average linear return for the trade would be 54.20%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, NETFLIX 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 NFLX 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 NETFLIX closed at or above $366.10 on 17-Apr-2020. Based on our analysis, there is a 44.67% 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.

StockTwits Trending Alert: Trading recent interest in ENTERPRISE PRODUCTS $EPD

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Quantchabot has detected a promising Bear Call Spread trade opportunity for ENTERPRISE PRODUCTS (EPD) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

EPD was recently trading at $14.43 and has an implied volatility of 101.55% for this period. Based on an analysis of the options available for EPD expiring on 17-Apr-2020, there is a 34.07% likelihood that the underlying will close within the analyzed range of $12.05-$14.43 at expiration. In this scenario, the average linear return for the trade would be 52.17%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, ENTERPRISE PRODUCTS 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 EPD 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 ENTERPRISE PRODUCTS closed at or below $14.50 on 17-Apr-2020. Based on our analysis, there is a 51.00% 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.

StockTwits Trending Alert: Trading recent interest in HYATT HOTELS $H

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Quantchabot has detected a promising Bear Call Spread trade opportunity for HYATT HOTELS (H) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

H was recently trading at $39.92 and has an implied volatility of 120.03% for this period. Based on an analysis of the options available for H expiring on 17-Apr-2020, there is a 34.08% likelihood that the underlying will close within the analyzed range of $32.25-$39.92 at expiration. In this scenario, the average linear return for the trade would be 58.73%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, HYATT HOTELS 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 H 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 HYATT HOTELS closed at or below $41.85 on 17-Apr-2020. Based on our analysis, there is a 58.69% 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.

StockTwits Trending Alert: Trading recent interest in AMERICAN TOWER $AMT

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Quantchabot has detected a promising Bear Call Spread trade opportunity for AMERICAN TOWER (AMT) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

AMT was recently trading at $222.80 and has an implied volatility of 62.55% for this period. Based on an analysis of the options available for AMT expiring on 17-Apr-2020, there is a 35.76% likelihood that the underlying will close within the analyzed range of $198.39-$222.80 at expiration. In this scenario, the average linear return for the trade would be 47.96%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, AMERICAN TOWER 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 AMT 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 AMERICAN TOWER closed at or below $223.00 on 17-Apr-2020. Based on our analysis, there is a 51.95% 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.