52-Week High Alert: Trading today’s movement in BEIGENE LTD. AMERICAN DEPOSITARY SHARES $BGNE

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Quantchabot has detected a promising Bull Call Spread trade opportunity for BEIGENE LTD. AMERICAN DEPOSITARY SHARES (BGNE) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BGNE was recently trading at $279.90 and has an implied volatility of 49.18% for this period. Based on an analysis of the options available for BGNE expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $279.92-$312.60 at expiration. In this scenario, the average linear return for the trade would be 30.39%.

52 week high: BEIGENE LTD. AMERICAN DEPOSITARY SHARES recently reached a new 52-week high at $283.00. BGNE had traded in the range $114.41-$279.80 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 BGNE maintains its current direction and does not revert back to pricing on the bearish side of $279.90 on 16-Oct-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 BEIGENE LTD. AMERICAN DEPOSITARY SHARES closes at or above $279.20 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.93% 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: ENERGY TRANSFER LP $ET trading at a 10.52% discount for the 20-Jan-2023 expiration

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

ET was recently trading at $5.46 and has an implied volatility of 57.52% for this period. Based on an analysis of the options available for ET expiring on 20-Jan-2023, there is a 68.27% likelihood that the underlying will close within the analyzed range of $2.30-$13.22 at expiration. In this scenario, the average linear return for the trade would be 55.25%.

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 $5.00, which is already $0.46 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 $0.11 per share. The final position can be considered as having a discount of $0.57 per share over the underlying price of $5.46 for a 10.52% 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.

Covered Call Alert: AURINIA PHARMACEUTICALS INC OR $AUPH returning up to 57.11% through 15-Jan-2021

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Quantchabot has detected a promising Covered Call trade opportunity for AURINIA PHARMACEUTICALS INC OR (AUPH) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

AUPH was recently trading at $14.33 and has an implied volatility of 117.33% for this period. Based on an analysis of the options available for AUPH expiring on 15-Jan-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $7.54-$27.26 at expiration. In this scenario, the average linear return for the trade would be 13.92%.

Moneyness: These options are currently 39.66% out of the money and there is a 28.47% likelihood that these options will be exercised before or at expiration.

Most upside: If AURINIA PHARMACEUTICALS INC OR closes at or above $20.00, this trade could return up to 57.11%. Based on our analysis, there is a 30.22% 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 42.65% chance the underlying will close at or below its breakeven price of $12.73, 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.

Big Gainer Alert: Trading today’s 8.7% move in BALLARD POWER SYSTEMS $BLDP

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Quantchabot has detected a promising Bull Call Spread trade opportunity for BALLARD POWER SYSTEMS (BLDP) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BLDP was recently trading at $15.49 and has an implied volatility of 90.35% for this period. Based on an analysis of the options available for BLDP expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $15.50-$18.98 at expiration. In this scenario, the average linear return for the trade would be 63.35%.

Big 8.66% Change: After closing the last trading session at $14.26, BALLARD POWER SYSTEMS opened today at $14.84 and has reached a high of $15.57.

Trade approach: A movement as big as 8.66% is a significantly bullish indicator, so this trade is designed to be profitable if BLDP maintains its current direction and does not revert back to pricing on the bearish side of $15.49 on 16-Oct-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 BALLARD POWER SYSTEMS closes at or above $15.20 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 53.79% 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.

52-Week High Alert: Trading today’s movement in SEATTLE GENETICS $SGEN

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Quantchabot has detected a promising Bull Put Spread trade opportunity for SEATTLE GENETICS (SGEN) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SGEN was recently trading at $187.77 and has an implied volatility of 43.20% for this period. Based on an analysis of the options available for SGEN expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $187.78-$206.91 at expiration. In this scenario, the average linear return for the trade would be 35.75%.

52 week high: SEATTLE GENETICS recently reached a new 52-week high at $189.00. SGEN had traded in the range $72.27-$187.99 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 SGEN maintains its current direction and does not revert back to pricing on the bearish side of $187.77 on 16-Oct-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 SEATTLE GENETICS closes at or above $181.05 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 64.67% 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.

Synthetic Long Discount Alert: ONTRAK INC $OTRK trading at a 10.27% discount for the 20-Jan-2023 expiration

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

OTRK was recently trading at $61.85 and has an implied volatility of 86.09% for this period. Based on an analysis of the options available for OTRK expiring on 20-Jan-2023, there is a 68.27% likelihood that the underlying will close within the analyzed range of $16.84-$231.07 at expiration. In this scenario, the average linear return for the trade would be 60.48%.

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 $60.00, which is already $1.85 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 $4.50 per share. The final position can be considered as having a discount of $6.35 per share over the underlying price of $61.85 for a 10.27% 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.

Covered Call Alert: SPIRIT AIRLINES $SAVE returning up to 43.37% through 19-Mar-2021

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Quantchabot has detected a promising Covered Call trade opportunity for SPIRIT AIRLINES (SAVE) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SAVE was recently trading at $16.50 and has an implied volatility of 86.52% for this period. Based on an analysis of the options available for SAVE expiring on 19-Mar-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $9.11-$29.94 at expiration. In this scenario, the average linear return for the trade would be 14.71%.

Moneyness: These options are currently 21.25% out of the money and there is a 37.09% likelihood that these options will be exercised before or at expiration.

Most upside: If SPIRIT AIRLINES closes at or above $20.00, this trade could return up to 43.37%. Based on our analysis, there is a 37.38% 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 38.81% chance the underlying will close at or below its breakeven price of $13.95, 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.

Big Gainer Alert: Trading today’s 14.0% move in PLUG POWER $PLUG

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Quantchabot has detected a promising Bull Call Spread trade opportunity for PLUG POWER (PLUG) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PLUG was recently trading at $13.28 and has an implied volatility of 89.24% for this period. Based on an analysis of the options available for PLUG expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $13.28-$17.33 at expiration. In this scenario, the average linear return for the trade would be 86.48%.

Big 13.99% Change: After closing the last trading session at $11.65, PLUG POWER opened today at $12.53 and has reached a high of $13.29.

Trade approach: A movement as big as 13.99% is a significantly bullish indicator, so this trade is designed to be profitable if PLUG maintains its current direction and does not revert back to pricing on the bearish side of $13.28 on 30-Oct-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 PLUG POWER closes at or above $13.21 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 50.81% 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 FEDEX $FDX

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Quantchabot has detected a promising Bull Put Spread trade opportunity for FEDEX (FDX) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

FDX was recently trading at $257.10 and has an implied volatility of 40.75% for this period. Based on an analysis of the options available for FDX expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $257.15-$300.53 at expiration. In this scenario, the average linear return for the trade would be 67.65%.

52 week high: FEDEX recently reached a new 52-week high at $259.95. FDX had traded in the range $88.69-$256.18 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 FDX maintains its current direction and does not revert back to pricing on the bearish side of $257.10 on 20-Nov-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 FEDEX closes at or above $256.45 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 50.70% 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.

Covered Call Alert: CHEMOCENTRYX $CCXI returning up to 33.85% through 19-Feb-2021

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Quantchabot has detected a promising Covered Call trade opportunity for CHEMOCENTRYX (CCXI) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CCXI was recently trading at $52.48 and has an implied volatility of 101.12% for this period. Based on an analysis of the options available for CCXI expiring on 19-Feb-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $27.81-$99.22 at expiration. In this scenario, the average linear return for the trade would be 14.99%.

Moneyness: These options are currently 4.99% out of the money and there is a 47.09% likelihood that these options will be exercised before or at expiration.

Most upside: If CHEMOCENTRYX closes at or above $55.00, this trade could return up to 33.85%. Based on our analysis, there is a 47.12% 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 34.97% chance the underlying will close at or below its breakeven price of $41.09, 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.