Quantchabot has detected a promising Short Risk Reversal trade opportunity for ON SEMICONDUCTOR CORP (ON) for the 19-Jan-2024 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ON was recently trading at $74.40 and has an implied volatility of 48.90% for this period. Based on an analysis of the options available for ON expiring on 19-Jan-2024, there is a 30.90% likelihood that the underlying will close within the analyzed range of $43.52-$74.40 at expiration. In this scenario, the average linear return for the trade would be 131.12%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, ON SEMICONDUCTOR 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 ON 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 ON SEMICONDUCTOR CORP closed at or below $97.05 on 19-Jan-2024. Based on our analysis, there is a 64.60% 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.

Quantchabot has detected a promising Synthetic Long Stock trade opportunity for SYSTEM 1 INC (SST) for the 20-Jan-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SST was recently trading at $11.12 and has an implied volatility of 85.82% for this period. Based on an analysis of the options available for SST expiring on 20-Jan-2023, there is a 68.30% likelihood that the underlying will close within the analyzed range of $6.42-$19.70 at expiration. In this scenario, the average linear return for the trade would be 51.87%.

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 $1.12 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 $0.05 per share. The final position can be considered as having a discount of $1.17 per share over the underlying price of $11.12 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.

Quantchabot has detected a promising Covered Put trade opportunity for NEOGEN (NEOG) for the 16-Sep-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

NEOG was recently trading at $21.13 and has an implied volatility of 88.21% for this period. Based on an analysis of the options available for NEOG expiring on 16-Sep-2022, there is a 34.21% likelihood that the underlying will close within the analyzed range of $16.46-$21.17 at expiration. In this scenario, the average linear return for the trade would be 20.53%.

52 week low: NEOGEN recently reached a new 52-week low at $20.98. NEOG had traded in the range $21.02-$47.80 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 NEOG maintains its current direction and does not revert back to pricing on the bullish side of $21.13 on 16-Sep-2022. 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 NEOGEN closes at or below $21.17 on 16-Sep-2022. Based on our risk-neutral analysis, there is a 50.01% 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.

Quantchabot has detected a promising Bull Call Spread trade opportunity for GOLAR LNG (GLNG) for the 21-Oct-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

GLNG was recently trading at $28.43 and has an implied volatility of 53.55% for this period. Based on an analysis of the options available for GLNG expiring on 21-Oct-2022, there is a 34.17% likelihood that the underlying will close within the analyzed range of $28.54-$35.76 at expiration. In this scenario, the average linear return for the trade would be 23.37%.

52 week high: GOLAR LNG recently reached a new 52-week high at $29.27. GLNG had traded in the range $10.01-$29.25 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 GLNG maintains its current direction and does not revert back to pricing on the bearish side of $28.43 on 21-Oct-2022. 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 GOLAR LNG closes at or above $27.00 on 21-Oct-2022. Based on our risk-neutral analysis, there is a 59.75% 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.

Quantchabot has detected a promising Long Put trade opportunity for ORCHID ISLAND CAPITAL INC (ORC) for the 21-Oct-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ORC was recently trading at $2.95 and has an implied volatility of 76.79% for this period. Based on an analysis of the options available for ORC expiring on 21-Oct-2022, there is a 34.17% likelihood that the underlying will close within the analyzed range of $1.91-$2.64 at expiration. In this scenario, the average linear return for the trade would be 187.28%.

Big -8.10% Change: After closing the last trading session at $3.21, ORCHID ISLAND CAPITAL INC opened today at $2.98 and has reached a low of $2.95.

Trade approach: A movement as big as -8.10% is a significantly bearish indicator, so this trade is designed to be profitable if ORC maintains its current direction and does not revert back to pricing on the bullish side of $2.95 on 21-Oct-2022. 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 ORCHID ISLAND CAPITAL INC closes at or below $2.75 on 21-Oct-2022. Based on our risk-neutral analysis, there is a 55.01% 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.

Quantchabot has detected a promising Bull Call Spread trade opportunity for SUPER MICRO COMPUTER (SMCI) for the 21-Oct-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SMCI was recently trading at $70.97 and has an implied volatility of 51.71% for this period. Based on an analysis of the options available for SMCI expiring on 21-Oct-2022, there is a 34.17% likelihood that the underlying will close within the analyzed range of $71.25-$88.58 at expiration. In this scenario, the average linear return for the trade would be 11.49%.

52 week high: SUPER MICRO COMPUTER recently reached a new 52-week high at $70.97. SMCI had traded in the range $34.11-$68.80 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 SMCI maintains its current direction and does not revert back to pricing on the bearish side of $70.97 on 21-Oct-2022. 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 SUPER MICRO COMPUTER closes at or above $70.40 on 21-Oct-2022. Based on our risk-neutral analysis, there is a 52.20% 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.

Quantchabot has detected a promising Bull Call Spread trade opportunity for DESKTOP METAL INC (DM) for the 21-Oct-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DM was recently trading at $3.55 and has an implied volatility of 89.14% for this period. Based on an analysis of the options available for DM expiring on 21-Oct-2022, there is a 34.17% likelihood that the underlying will close within the analyzed range of $3.56-$5.19 at expiration. In this scenario, the average linear return for the trade would be 25.00%.

Big 8.56% Change: After closing the last trading session at $3.27, DESKTOP METAL INC opened today at $3.25 and has reached a high of $3.59.

Trade approach: A movement as big as 8.56% is a significantly bullish indicator, so this trade is designed to be profitable if DM maintains its current direction and does not revert back to pricing on the bearish side of $3.55 on 21-Oct-2022. 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 DESKTOP METAL INC closes at or above $3.30 on 21-Oct-2022. Based on our risk-neutral analysis, there is a 58.14% 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.

Quantchabot has detected a promising Synthetic Long Stock trade opportunity for POLESTAR AUTOMOTIVE HOLDING UK PLC CLASS A ADS (PSNY) for the 20-Jan-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PSNY was recently trading at $9.30 and has an implied volatility of 82.17% for this period. Based on an analysis of the options available for PSNY expiring on 20-Jan-2023, there is a 68.30% likelihood that the underlying will close within the analyzed range of $5.50-$16.09 at expiration. In this scenario, the average linear return for the trade would be 55.63%.

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 $9.00, which is already $0.30 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 $0.83 per share. The final position can be considered as having a discount of $1.13 per share over the underlying price of $9.30 for a 12.15% 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.

Quantchabot has detected a promising Bull Call Spread trade opportunity for CALUMET SPECIALTY (CLMT) for the 21-Oct-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CLMT was recently trading at $17.86 and has an implied volatility of 70.44% for this period. Based on an analysis of the options available for CLMT expiring on 21-Oct-2022, there is a 34.17% likelihood that the underlying will close within the analyzed range of $17.93-$24.12 at expiration. In this scenario, the average linear return for the trade would be 10.67%.

Big 7.08% Change: After closing the last trading session at $16.68, CALUMET SPECIALTY opened today at $17.05 and has reached a high of $18.47.

Trade approach: A movement as big as 7.08% is a significantly bullish indicator, so this trade is designed to be profitable if CLMT maintains its current direction and does not revert back to pricing on the bearish side of $17.86 on 21-Oct-2022. 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 CALUMET SPECIALTY closes at or above $15.65 on 21-Oct-2022. Based on our risk-neutral analysis, there is a 67.72% 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.

Quantchabot has detected a promising Bull Put Spread trade opportunity for OTTER TAIL (OTTR) for the 21-Oct-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

OTTR was recently trading at $81.88 and has an implied volatility of 24.74% for this period. Based on an analysis of the options available for OTTR expiring on 21-Oct-2022, there is a 34.16% likelihood that the underlying will close within the analyzed range of $82.21-$91.23 at expiration. In this scenario, the average linear return for the trade would be 18.60%.

52 week high: OTTER TAIL recently reached a new 52-week high at $82.46. OTTR had traded in the range $52.48-$82.05 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 OTTR maintains its current direction and does not revert back to pricing on the bearish side of $81.88 on 21-Oct-2022. 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 OTTER TAIL closes at or above $82.20 on 21-Oct-2022. Based on our risk-neutral analysis, there is a 50.02% 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.