Synthetic Long Discount Alert: SURO CAPITAL CORP $SSSS trading at a 10.21% discount for the 20-Jan-2023 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for SURO CAPITAL CORP (SSSS) for the 20-Jan-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SSSS was recently trading at $15.37 and has an implied volatility of 46.97% for this period. Based on an analysis of the options available for SSSS expiring on 20-Jan-2023, there is a 68.27% likelihood that the underlying will close within the analyzed range of $8.28-$28.83 at expiration. In this scenario, the average linear return for the trade would be 44.29%.

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 $0.37 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 $1.20 per share. The final position can be considered as having a discount of $1.57 per share over the underlying price of $15.37 for a 10.21% 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 MAXEON SOLAR TECHNOLOGIES LTD $MAXN

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Quantchabot has detected a promising Short Risk Reversal trade opportunity for MAXEON SOLAR TECHNOLOGIES LTD (MAXN) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MAXN was recently trading at $18.00 and has an implied volatility of 83.39% for this period. Based on an analysis of the options available for MAXN expiring on 21-May-2021, there is a 34.16% likelihood that the underlying will close within the analyzed range of $13.89-$18.01 at expiration. In this scenario, the average linear return for the trade would be 54.34%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, MAXEON SOLAR TECHNOLOGIES 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 MAXN 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 MAXEON SOLAR TECHNOLOGIES LTD closed at or below $18.25 on 21-May-2021. Based on our analysis, there is a 52.11% 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.

Synthetic Long Discount Alert: TWO HARBORS INVESTMENT $TWO trading at a 10.48% discount for the 20-Jan-2023 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for TWO HARBORS INVESTMENT (TWO) for the 20-Jan-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TWO was recently trading at $7.54 and has an implied volatility of 37.09% for this period. Based on an analysis of the options available for TWO expiring on 20-Jan-2023, there is a 68.27% likelihood that the underlying will close within the analyzed range of $4.63-$12.41 at expiration. In this scenario, the average linear return for the trade would be 50.83%.

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 $7.00, which is already $0.54 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 $0.25 per share. The final position can be considered as having a discount of $0.79 per share over the underlying price of $7.54 for a 10.48% 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 WIPRO $WIT

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Quantchabot has detected a promising Bull Call Spread trade opportunity for WIPRO (WIT) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

WIT was recently trading at $6.96 and has an implied volatility of 40.68% for this period. Based on an analysis of the options available for WIT expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $6.96-$8.24 at expiration. In this scenario, the average linear return for the trade would be 34.71%.

52 week high: WIPRO recently reached a new 52-week high at $7.08. WIT had traded in the range $2.79-$6.76 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 WIT maintains its current direction and does not revert back to pricing on the bearish side of $6.96 on 18-Jun-2021. 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 WIPRO closes at or above $6.75 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 57.06% 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 -7.4% move in AMC ENTERTAINMENT HOLDINGS INC $AMC

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Quantchabot has detected a promising Covered Put trade opportunity for AMC ENTERTAINMENT HOLDINGS INC (AMC) for the 7-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

AMC was recently trading at $9.16 and has an implied volatility of 123.10% for this period. Based on an analysis of the options available for AMC expiring on 7-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $6.81-$9.17 at expiration. In this scenario, the average linear return for the trade would be 92.90%.

Big -7.42% Change: After closing the last trading session at $9.90, AMC ENTERTAINMENT HOLDINGS INC opened today at $10.00 and has reached a low of $9.09.

Trade approach: A movement as big as -7.42% is a significantly bearish indicator, so this trade is designed to be profitable if AMC maintains its current direction and does not revert back to pricing on the bullish side of $9.16 on 7-May-2021. 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 AMC ENTERTAINMENT HOLDINGS INC closes at or below $13.36 on 7-May-2021. Based on our risk-neutral analysis, there is a 89.76% 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 STANLEY BLACK & DECKER $SWK

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Quantchabot has detected a promising Bull Put Spread trade opportunity for STANLEY BLACK & DECKER (SWK) for the 23-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SWK was recently trading at $204.43 and has an implied volatility of 20.62% for this period. Based on an analysis of the options available for SWK expiring on 23-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $204.43-$210.47 at expiration. In this scenario, the average linear return for the trade would be 37.93%.

52 week high: STANLEY BLACK & DECKER recently reached a new 52-week high at $206.66. SWK had traded in the range $97.64-$204.70 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 SWK maintains its current direction and does not revert back to pricing on the bearish side of $204.43 on 23-Apr-2021. 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 STANLEY BLACK & DECKER closes at or above $203.60 on 23-Apr-2021. Based on our risk-neutral analysis, there is a 55.59% 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 -7.3% move in OPENDOOR TECHNOLOGIES INC $OPEN

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Quantchabot has detected a promising Short Risk Reversal trade opportunity for OPENDOOR TECHNOLOGIES INC (OPEN) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

OPEN was recently trading at $18.31 and has an implied volatility of 76.59% for this period. Based on an analysis of the options available for OPEN expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $14.43-$18.31 at expiration. In this scenario, the average linear return for the trade would be 54.17%.

Big -7.29% Change: After closing the last trading session at $19.75, OPENDOOR TECHNOLOGIES INC opened today at $19.45 and has reached a low of $18.22.

Trade approach: A movement as big as -7.29% is a significantly bearish indicator, so this trade is designed to be profitable if OPEN maintains its current direction and does not revert back to pricing on the bullish side of $18.31 on 21-May-2021. 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 OPENDOOR TECHNOLOGIES INC closes at or below $18.80 on 21-May-2021. Based on our risk-neutral analysis, there is a 54.40% 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 Gainer Alert: Trading today’s 9.3% move in NOVAVAX $NVAX

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Quantchabot has detected a promising Bull Put Spread trade opportunity for NOVAVAX (NVAX) for the 30-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

NVAX was recently trading at $220.79 and has an implied volatility of 121.61% for this period. Based on an analysis of the options available for NVAX expiring on 30-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $220.80-$280.82 at expiration. In this scenario, the average linear return for the trade would be 82.68%.

Big 9.25% Change: After closing the last trading session at $202.09, NOVAVAX opened today at $201.71 and has reached a high of $222.00.

Trade approach: A movement as big as 9.25% is a significantly bullish indicator, so this trade is designed to be profitable if NVAX maintains its current direction and does not revert back to pricing on the bearish side of $220.79 on 30-Apr-2021. 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 NOVAVAX closes at or above $220.50 on 30-Apr-2021. Based on our risk-neutral analysis, there is a 50.23% 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 ARCHER-DANIELS MIDLAND $ADM

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Quantchabot has detected a promising Bull Put Spread trade opportunity for ARCHER-DANIELS MIDLAND (ADM) for the 23-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ADM was recently trading at $59.19 and has an implied volatility of 15.63% for this period. Based on an analysis of the options available for ADM expiring on 23-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $59.19-$60.51 at expiration. In this scenario, the average linear return for the trade would be 38.66%.

52 week high: ARCHER-DANIELS MIDLAND recently reached a new 52-week high at $59.30. ADM had traded in the range $33.01-$59.12 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 ADM maintains its current direction and does not revert back to pricing on the bearish side of $59.19 on 23-Apr-2021. 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 ARCHER-DANIELS MIDLAND closes at or above $59.05 on 23-Apr-2021. Based on our risk-neutral analysis, there is a 54.32% 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 GENERAL FINANCE $GFN

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Quantchabot has detected a promising Short Risk Reversal trade opportunity for GENERAL FINANCE (GFN) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

GFN was recently trading at $18.97 and has an implied volatility of 26.04% for this period. Based on an analysis of the options available for GFN expiring on 21-May-2021, there is a 33.95% likelihood that the underlying will close within the analyzed range of $17.50-$18.96 at expiration. In this scenario, the average linear return for the trade would be 18.46%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, GENERAL FINANCE 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 GFN 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 GENERAL FINANCE closed at or below $19.00 on 21-May-2021. Based on our analysis, there is a 50.72% 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.