Synthetic Long Discount Alert: TILRAY INC. CLASS 2 COMMON STOCK $TLRY trading at a 11.38% discount for the 15-Jan-2021 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for TILRAY INC. CLASS 2 COMMON STOCK (TLRY) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TLRY was recently trading at $15.28 and has an implied volatility of 56.05% for this period. Based on an analysis of the options available for TLRY expiring on 15-Jan-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $7.15-$33.99 at expiration. In this scenario, the average linear return for the trade would be 51.64%.

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 long call position is opened at a strike of $15.00, which is already $0.28 in the money. An out-of-the-money put at the same strike is sold to finance the call, resulting in a net credit of $1.45 per share. The final position can be considered as having a discount of $1.73 per share over the underlying price of $15.28 for a 11.32% 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.

Big Gainer Alert: Trading today’s 7.8% move in GTT COMMUNICATIONS INC. $GTT

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Quantchabot has detected a promising Long Risk Reversal trade opportunity for GTT COMMUNICATIONS INC. (GTT) for the 21-Feb-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

GTT was recently trading at $12.27 and has an implied volatility of 75.95% for this period. Based on an analysis of the options available for GTT expiring on 21-Feb-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $12.29-$17.31 at expiration. In this scenario, the average linear return for the trade would be 30.23%.

Big 7.78% Change: After closing the last trading session at $11.38, GTT COMMUNICATIONS INC. opened today at $11.47 and has reached a high of $12.30.

Trade approach: A movement as big as 7.78% is a significantly bullish indicator, so this trade is designed to be profitable if GTT maintains its current direction and does not revert back to pricing on the bearish side of $12.27 on 21-Feb-2020. 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 GTT COMMUNICATIONS INC. closes at or above $11.60 on 21-Feb-2020. Based on our risk-neutral analysis, there is a 56.71% 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 NORDSTROM $JWN

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

JWN was recently trading at $43.34 and has an implied volatility of 47.91% for this period. Based on an analysis of the options available for JWN expiring on 17-Jan-2020, there is a 34.49% likelihood that the underlying will close within the analyzed range of $43.33-$47.05 at expiration. In this scenario, the average linear return for the trade would be 73.29%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, NORDSTROM 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 JWN 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 NORDSTROM closed at or above $43.11 on 17-Jan-2020. Based on our analysis, there is a 52.84% 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.

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

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Quantchabot has detected a promising Covered Put trade opportunity for EVERQUOTE INC. CLASS A COMMON STOCK (EVER) for the 21-Feb-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

EVER was recently trading at $27.95 and has an implied volatility of 86.47% for this period. Based on an analysis of the options available for EVER expiring on 21-Feb-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $19.90-$28.01 at expiration. In this scenario, the average linear return for the trade would be 25.77%.

Big -8.54% Change: After closing the last trading session at $30.56, EVERQUOTE INC. CLASS A COMMON STOCK opened today at $30.59 and has reached a low of $27.51.

Trade approach: A movement as big as -8.54% is a significantly bearish indicator, so this trade is designed to be profitable if EVER maintains its current direction and does not revert back to pricing on the bullish side of $27.95 on 21-Feb-2020. 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 EVERQUOTE INC. CLASS A COMMON STOCK closes at or below $28.02 on 21-Feb-2020. Based on our risk-neutral analysis, there is a 50.04% 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 APACHE $APA

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Quantchabot has detected a promising Bear Put Spread trade opportunity for APACHE (APA) for the 17-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

APA was recently trading at $30.90 and has an implied volatility of 53.05% for this period. Based on an analysis of the options available for APA expiring on 17-Jan-2020, there is a 33.92% likelihood that the underlying will close within the analyzed range of $28.23-$30.90 at expiration. In this scenario, the average linear return for the trade would be 59.36%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, APACHE 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 APA 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 APACHE closed at or below $31.04 on 17-Jan-2020. Based on our analysis, there is a 51.77% 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.

52-Week High Alert: Trading today’s movement in SONY CORPORATION $SNE

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Quantchabot has detected a promising Bull Call Spread trade opportunity for SONY CORPORATION (SNE) for the 24-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SNE was recently trading at $70.02 and has an implied volatility of 19.52% for this period. Based on an analysis of the options available for SNE expiring on 24-Jan-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $70.08-$73.16 at expiration. In this scenario, the average linear return for the trade would be 46.37%.

52 week high: SONY CORPORATION recently reached a new 52-week high at $70.54. SNE had traded in the range $41.91-$69.06 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 SNE maintains its current direction and does not revert back to pricing on the bearish side of $70.02 on 24-Jan-2020. 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 SONY CORPORATION closes at or above $70.00 on 24-Jan-2020. Based on our risk-neutral analysis, there is a 51.03% 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.

Synthetic Long Discount Alert: MACERICH $MAC trading at a 10.21% discount for the 21-Jan-2022 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for MACERICH (MAC) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MAC was recently trading at $25.53 and has an implied volatility of 16.45% for this period. Based on an analysis of the options available for MAC expiring on 21-Jan-2022, there is a 68.27% likelihood that the underlying will close within the analyzed range of $16.11-$43.86 at expiration. In this scenario, the average linear return for the trade would be 59.65%.

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 long call position is opened at a strike of $25.00, which is already $0.52 in the money. An out-of-the-money put at the same strike is sold to finance the call, resulting in a net credit of $2.10 per share. The final position can be considered as having a discount of $2.63 per share over the underlying price of $25.53 for a 10.28% 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.

52-Week High Alert: Trading today’s movement in GENERAL ELECTRIC $GE

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Quantchabot has detected a promising Bull Call Spread trade opportunity for GENERAL ELECTRIC (GE) for the 24-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

GE was recently trading at $12.09 and has an implied volatility of 29.76% for this period. Based on an analysis of the options available for GE expiring on 24-Jan-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $12.10-$12.89 at expiration. In this scenario, the average linear return for the trade would be 51.83%.

52 week high: GENERAL ELECTRIC recently reached a new 52-week high at $12.16. GE had traded in the range $7.65-$12.00 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 GE maintains its current direction and does not revert back to pricing on the bearish side of $12.09 on 24-Jan-2020. 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 GENERAL ELECTRIC closes at or above $12.08 on 24-Jan-2020. Based on our risk-neutral analysis, there is a 51.04% 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.

Synthetic Long Discount Alert: REVLON $REV trading at a 15.02% discount for the 21-Aug-2020 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for REVLON (REV) for the 21-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

REV was recently trading at $20.66 and has an implied volatility of 16.36% for this period. Based on an analysis of the options available for REV expiring on 21-Aug-2020, there is a 68.27% likelihood that the underlying will close within the analyzed range of $12.48-$35.04 at expiration. In this scenario, the average linear return for the trade would be 63.61%.

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 long call position is opened at a strike of $20.00, which is already $0.66 in the money. An out-of-the-money put at the same strike is sold to finance the call, resulting in a net credit of $2.40 per share. The final position can be considered as having a discount of $3.06 per share over the underlying price of $20.66 for a 14.81% 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.

Big Gainer Alert: Trading today’s 18.7% move in APELLIS PHARMACEUTICALS INC. COMMON STOCK $APLS

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Quantchabot has detected a promising Bull Put Spread trade opportunity for APELLIS PHARMACEUTICALS INC. COMMON STOCK (APLS) for the 21-Feb-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

APLS was recently trading at $35.85 and has an implied volatility of 90.63% for this period. Based on an analysis of the options available for APLS expiring on 21-Feb-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.93-$49.13 at expiration. In this scenario, the average linear return for the trade would be 31.10%.

Big 18.75% Change: After closing the last trading session at $30.19, APELLIS PHARMACEUTICALS INC. COMMON STOCK opened today at $40.89 and has reached a high of $42.48.

Trade approach: A movement as big as 18.75% is a significantly bullish indicator, so this trade is designed to be profitable if APLS maintains its current direction and does not revert back to pricing on the bearish side of $35.85 on 21-Feb-2020. 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 APELLIS PHARMACEUTICALS INC. COMMON STOCK closes at or above $35.80 on 21-Feb-2020. Based on our risk-neutral analysis, there is a 50.45% 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.

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