Covered Call Alert: CASA SYSTEMS INC. COMMON STOCK $CASA returning up to 26.37% through 17-May-2019

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Quantchabot has detected a promising Covered Call trade opportunity for CASA SYSTEMS INC. COMMON STOCK (CASA) for the 17-May-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CASA was recently trading at $13.43 and has an implied volatility of 64.36% for this period. Based on an analysis of the options available for CASA expiring on 17-May-2019, there is a 68.27% likelihood that the underlying will close within the analyzed range of $9.04-$20.35 at expiration. In this scenario, the average linear return for the trade would be 10.10%.

Moneyness: These options are currently 11.86% out of the money and there is a 40.18% likelihood that these options will be exercised before or at expiration.

Most upside: If CASA SYSTEMS INC. COMMON STOCK closes at or above $15.00, this trade could return up to 26.37%. Based on our analysis, there is a 40.23% 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 37.08% chance the underlying will close at or below its breakeven price of $11.87, 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 12/17/2018 1:59:14 PM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Covered Call Alert: WAGEWORKS $WAGE returning up to 52.21% through 17-May-2019

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

WAGE was recently trading at $27.86 and has an implied volatility of 73.62% for this period. Based on an analysis of the options available for WAGE expiring on 17-May-2019, there is a 68.27% likelihood that the underlying will close within the analyzed range of $17.40-$45.66 at expiration. In this scenario, the average linear return for the trade would be 10.00%.

Moneyness: These options are currently 43.60% out of the money and there is a 21.44% likelihood that these options will be exercised before or at expiration.

Most upside: If WAGEWORKS closes at or above $40.00, this trade could return up to 52.21%. Based on our analysis, there is a 23.40% 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 44.24% chance the underlying will close at or below its breakeven price of $26.28, 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 12/17/2018 1:29:14 PM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Synthetic Long Discount Alert: TURTLE BEACH CORPORATION COMMO $HEAR trading at a 10.11% discount for the 17-Jan-2020 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for TURTLE BEACH CORPORATION COMMO (HEAR) for the 17-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HEAR was recently trading at $16.46 and has an implied volatility of 73.41% for this period. Based on an analysis of the options available for HEAR expiring on 17-Jan-2020, there is a 68.27% likelihood that the underlying will close within the analyzed range of $6.31-$46.01 at expiration. In this scenario, the average linear return for the trade would be 58.92%.

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 $17.50, which is already $1.04 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 $2.70 per share. The final position can be considered as having a discount of $1.66 per share over the underlying price of $16.46 for a 10.09% 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 12/17/2018 11:29:34 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in RED HAT $RHT

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Quantchabot has detected a promising Bear Put Spread trade opportunity for RED HAT (RHT) for the 28-Dec-2018 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

RHT was recently trading at $176.12 and has an implied volatility of 15.20% for this period. Based on an analysis of the options available for RHT expiring on 28-Dec-2018, there is a 32.93% likelihood that the underlying will close within the analyzed range of $171.83-$176.12 at expiration. In this scenario, the average linear return for the trade would be 20.26%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, RED HAT 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 RHT 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 RED HAT closed at or below $176.40 on 28-Dec-2018. Based on our analysis, there is a 51.28% 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 12/17/2018 10:51:27 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 Call 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 $55.39 and has an implied volatility of 35.56% 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 $50.57-$55.49 at expiration. In this scenario, the average linear return for the trade would be 85.50%.

52 week low: CITIGROUP recently reached a new 52-week low at $54.38. C had traded in the range $55.41-$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 $55.39 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 $55.71 on 11-Jan-2019. Based on our risk-neutral analysis, there is a 51.69% 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.


This is an automated post generated based on a market analysis of delayed data at 12/17/2018 10:50:16 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Loser Alert: Trading today’s -8.8% move in FARFETCH LTD $FTCH

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

FTCH was recently trading at $21.78 and has an implied volatility of 66.64% for this period. Based on an analysis of the options available for FTCH expiring on 18-Jan-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $18.03-$21.82 at expiration. In this scenario, the average linear return for the trade would be 36.97%.

Big -8.79% Change: After closing the last trading session at $23.88, FARFETCH LTD opened today at $23.44 and has reached a low of $21.72.

Trade approach: A movement as big as -8.79% is a significantly bearish indicator, so this trade is designed to be profitable if FTCH maintains its current direction and does not revert back to pricing on the bullish side of $21.78 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 FARFETCH LTD closes at or below $22.20 on 18-Jan-2019. Based on our risk-neutral analysis, there is a 53.57% 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 12/17/2018 10:50:46 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in HUMANA $HUM

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Quantchabot has detected a promising Bear Call Spread trade opportunity for HUMANA (HUM) for the 28-Dec-2018 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HUM was recently trading at $298.05 and has an implied volatility of 28.93% for this period. Based on an analysis of the options available for HUM expiring on 28-Dec-2018, there is a 33.55% likelihood that the underlying will close within the analyzed range of $282.67-$297.75 at expiration. In this scenario, the average linear return for the trade would be 46.38%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, HUMANA 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 HUM 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 HUMANA closed at or below $297.95 on 28-Dec-2018. Based on our analysis, there is a 49.94% 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 12/17/2018 10:49:44 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Loser Alert: Trading today’s -8.5% move in NUTANIX INC. CLASS A COMMON STOCK $NTNX

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Quantchabot has detected a promising Bear Call Spread trade opportunity for NUTANIX INC. CLASS A COMMON STOCK (NTNX) for the 18-Jan-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

NTNX was recently trading at $40.39 and has an implied volatility of 58.30% for this period. Based on an analysis of the options available for NTNX expiring on 18-Jan-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $34.09-$40.45 at expiration. In this scenario, the average linear return for the trade would be 65.68%.

Big -8.45% Change: After closing the last trading session at $44.12, NUTANIX INC. CLASS A COMMON STOCK opened today at $43.44 and has reached a low of $40.16.

Trade approach: A movement as big as -8.45% is a significantly bearish indicator, so this trade is designed to be profitable if NTNX maintains its current direction and does not revert back to pricing on the bullish side of $40.39 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 NUTANIX INC. CLASS A COMMON STOCK closes at or below $41.00 on 18-Jan-2019. Based on our risk-neutral analysis, there is a 53.15% 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 12/17/2018 10:49:43 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 ANHEUSER-BUSCH INBEV $BUD

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Quantchabot has detected a promising Bear Call Spread trade opportunity for ANHEUSER-BUSCH INBEV (BUD) for the 1-Feb-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BUD was recently trading at $69.18 and has an implied volatility of 27.07% for this period. Based on an analysis of the options available for BUD expiring on 1-Feb-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $63.06-$69.39 at expiration. In this scenario, the average linear return for the trade would be 75.03%.

52 week low: ANHEUSER-BUSCH INBEV recently reached a new 52-week low at $69.12. BUD had traded in the range $69.23-$117.06 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 BUD maintains its current direction and does not revert back to pricing on the bullish side of $69.18 on 1-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 bearish strategy, the trade would be profitable if ANHEUSER-BUSCH INBEV closes at or below $69.44 on 1-Feb-2019. Based on our risk-neutral analysis, there is a 50.28% 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 12/17/2018 10:49:52 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in ILLINOIS TOOL WORKS $ITW

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Quantchabot has detected a promising Bear Call Spread trade opportunity for ILLINOIS TOOL WORKS (ITW) for the 28-Dec-2018 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ITW was recently trading at $129.05 and has an implied volatility of 27.63% for this period. Based on an analysis of the options available for ITW expiring on 28-Dec-2018, there is a 33.55% likelihood that the underlying will close within the analyzed range of $122.53-$129.05 at expiration. In this scenario, the average linear return for the trade would be 65.90%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, ILLINOIS TOOL WORKS 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 ITW 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 ILLINOIS TOOL WORKS closed at or below $129.65 on 28-Dec-2018. Based on our analysis, there is a 52.96% 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.


This is an automated post generated based on a market analysis of delayed data at 12/17/2018 10:49:10 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.