Synthetic Long Discount Alert: OVERSTOCK.COM $OSTK trading at a 10.81% discount for the 15-Jan-2021 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for OVERSTOCK.COM (OSTK) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

OSTK was recently trading at $17.70 and has an implied volatility of 53.48% for this period. Based on an analysis of the options available for OSTK expiring on 15-Jan-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $6.27-$52.89 at expiration. In this scenario, the average linear return for the trade would be 57.98%.

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 $17.50, which is already $0.20 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 $1.70 per share. The final position can be considered as having a discount of $1.90 per share over the underlying price of $17.70 for a 10.76% 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 8/15/2019 10:39:34 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 3M $MMM

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Quantchabot has detected a promising Bear Call Spread trade opportunity for 3M (MMM) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MMM was recently trading at $158.23 and has an implied volatility of 25.85% for this period. Based on an analysis of the options available for MMM expiring on 18-Oct-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $142.23-$158.85 at expiration. In this scenario, the average linear return for the trade would be 80.58%.

52 week low: 3M recently reached a new 52-week low at $157.14. MMM had traded in the range $158.04-$219.75 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 MMM maintains its current direction and does not revert back to pricing on the bullish side of $158.23 on 18-Oct-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 3M closes at or below $159.75 on 18-Oct-2019. Based on our risk-neutral analysis, there is a 52.04% 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.


This is an automated post generated based on a market analysis of delayed data at 8/15/2019 10:37:10 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Gainer Alert: Trading today’s 24.9% move in SPARTANNASH COMPANY COMMON STO $SPTN

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Quantchabot has detected a promising Secured Put trade opportunity for SPARTANNASH COMPANY COMMON STO (SPTN) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SPTN was recently trading at $11.17 and has an implied volatility of 38.40% for this period. Based on an analysis of the options available for SPTN expiring on 18-Oct-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $11.21-$15.42 at expiration. In this scenario, the average linear return for the trade would be 18.38%.

Big 24.94% Change: After closing the last trading session at $8.94, SPARTANNASH COMPANY COMMON STO opened today at $9.39 and has reached a high of $11.32.

Trade approach: A movement as big as 24.94% is a significantly bullish indicator, so this trade is designed to be profitable if SPTN maintains its current direction and does not revert back to pricing on the bearish side of $11.17 on 18-Oct-2019. 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 SPARTANNASH COMPANY COMMON STO closes at or above $11.00 on 18-Oct-2019. Based on our risk-neutral analysis, there is a 52.41% 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 8/15/2019 10:36:51 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 ABBVIE INC $ABBV

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Quantchabot has detected a promising Bear Call Spread trade opportunity for ABBVIE INC (ABBV) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ABBV was recently trading at $63.73 and has an implied volatility of 25.71% for this period. Based on an analysis of the options available for ABBV expiring on 18-Oct-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $56.71-$63.98 at expiration. In this scenario, the average linear return for the trade would be 61.35%.

52 week low: ABBVIE INC recently reached a new 52-week low at $63.28. ABBV had traded in the range $63.31-$100.23 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 ABBV maintains its current direction and does not revert back to pricing on the bullish side of $63.73 on 18-Oct-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 ABBVIE INC closes at or below $64.51 on 18-Oct-2019. Based on our risk-neutral analysis, there is a 52.73% 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 8/15/2019 10:36:16 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Gainer Alert: Trading today’s 7.2% move in REVOLVE GROUP INC $RVLV

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Quantchabot has detected a promising Bull Call Spread trade opportunity for REVOLVE GROUP INC (RVLV) for the 20-Sep-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

RVLV was recently trading at $23.70 and has an implied volatility of 77.68% for this period. Based on an analysis of the options available for RVLV expiring on 20-Sep-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $23.75-$30.53 at expiration. In this scenario, the average linear return for the trade would be 67.01%.

Big 7.24% Change: After closing the last trading session at $22.10, REVOLVE GROUP INC opened today at $23.67 and has reached a high of $23.87.

Trade approach: A movement as big as 7.24% is a significantly bullish indicator, so this trade is designed to be profitable if RVLV maintains its current direction and does not revert back to pricing on the bearish side of $23.70 on 20-Sep-2019. 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 REVOLVE GROUP INC closes at or above $22.90 on 20-Sep-2019. Based on our risk-neutral analysis, there is a 55.79% 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.


This is an automated post generated based on a market analysis of delayed data at 8/15/2019 10:36:14 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Synthetic Long Discount Alert: 500.COM LTD $WBAI trading at a 13.92% discount for the 20-Mar-2020 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for 500.COM LTD (WBAI) for the 20-Mar-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

WBAI was recently trading at $10.15 and has an implied volatility of 26.95% for this period. Based on an analysis of the options available for WBAI expiring on 20-Mar-2020, there is a 68.27% likelihood that the underlying will close within the analyzed range of $5.32-$19.85 at expiration. In this scenario, the average linear return for the trade would be 63.29%.

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 $10.00, which is already $0.15 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 $1.25 per share. The final position can be considered as having a discount of $1.40 per share over the underlying price of $10.15 for a 13.79% 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 8/15/2019 10:36:12 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Covered Call Alert: CLOUDERA INC $CLDR returning up to 29.09% through 17-Jan-2020

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Quantchabot has detected a promising Covered Call trade opportunity for CLOUDERA INC (CLDR) for the 17-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CLDR was recently trading at $6.55 and has an implied volatility of 65.80% for this period. Based on an analysis of the options available for CLDR expiring on 17-Jan-2020, there is a 68.27% likelihood that the underlying will close within the analyzed range of $4.27-$10.23 at expiration. In this scenario, the average linear return for the trade would be 10.08%.

Moneyness: These options are currently 14.42% out of the money and there is a 38.45% likelihood that these options will be exercised before or at expiration.

Most upside: If CLOUDERA INC closes at or above $7.50, this trade could return up to 29.09%. Based on our analysis, there is a 38.64% 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 38.38% chance the underlying will close at or below its breakeven price of $5.81, 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 8/15/2019 10:35:55 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in CANOPY GROWTH CORP $CGC

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Quantchabot has detected a promising Bear Call Spread trade opportunity for CANOPY GROWTH CORP (CGC) for the 23-Aug-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CGC was recently trading at $29.24 and has an implied volatility of 64.06% for this period. Based on an analysis of the options available for CGC expiring on 23-Aug-2019, there is a 34.00% likelihood that the underlying will close within the analyzed range of $26.49-$29.25 at expiration. In this scenario, the average linear return for the trade would be 79.84%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, CANOPY GROWTH CORP 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 CGC 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 CANOPY GROWTH CORP closed at or below $29.45 on 23-Aug-2019. Based on our analysis, there is a 52.67% 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.


This is an automated post generated based on a market analysis of delayed data at 8/15/2019 10:35:54 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 BP $BP

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Quantchabot has detected a promising Bear Call Spread trade opportunity for BP (BP) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BP was recently trading at $35.99 and has an implied volatility of 22.72% for this period. Based on an analysis of the options available for BP expiring on 18-Oct-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $32.83-$36.13 at expiration. In this scenario, the average linear return for the trade would be 84.77%.

52 week low: BP recently reached a new 52-week low at $35.73. BP had traded in the range $36.28-$47.16 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 BP maintains its current direction and does not revert back to pricing on the bullish side of $35.99 on 18-Oct-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 BP closes at or below $36.46 on 18-Oct-2019. Based on our risk-neutral analysis, there is a 53.77% 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.


This is an automated post generated based on a market analysis of delayed data at 8/15/2019 10:35:15 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Loser Alert: Trading today’s -7.1% move in MYRIAD GENETICS $MYGN

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Quantchabot has detected a promising Short Risk Reversal trade opportunity for MYRIAD GENETICS (MYGN) for the 20-Sep-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MYGN was recently trading at $23.70 and has an implied volatility of 63.59% for this period. Based on an analysis of the options available for MYGN expiring on 20-Sep-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $19.47-$23.75 at expiration. In this scenario, the average linear return for the trade would be 39.80%.

Big -7.06% Change: After closing the last trading session at $25.50, MYRIAD GENETICS opened today at $25.55 and has reached a low of $23.65.

Trade approach: A movement as big as -7.06% is a significantly bearish indicator, so this trade is designed to be profitable if MYGN maintains its current direction and does not revert back to pricing on the bullish side of $23.70 on 20-Sep-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 MYRIAD GENETICS closes at or below $24.00 on 20-Sep-2019. Based on our risk-neutral analysis, there is a 52.08% 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 8/15/2019 10:35:14 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

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