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Quantchabot has detected a promising Short Risk Reversal trade opportunity for DIREXION DAILY REGIONAL BANKS BULL 3X (DPST) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DPST was recently trading at $197.25 and has an implied volatility of 87.24% for this period. Based on an analysis of the options available for DPST expiring on 16-Jul-2021, there is a 34.68% likelihood that the underlying will close within the analyzed range of $154.67-$197.93 at expiration. In this scenario, the average linear return for the trade would be 46.77%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, DIREXION DAILY REGIONAL BANKS BULL 3X 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 DPST 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 DIREXION DAILY REGIONAL BANKS BULL 3X closed at or below $199.70 on 16-Jul-2021. Based on our analysis, there is a 52.01% 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.

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Quantchabot has detected a promising Covered Call trade opportunity for AXSOME THERAPEUTICS INC. COMMON STOCK (AXSM) for the 17-Dec-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

AXSM was recently trading at $66.08 and has an implied volatility of 79.00% for this period. Based on an analysis of the options available for AXSM expiring on 17-Dec-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $37.84-$115.59 at expiration. In this scenario, the average linear return for the trade would be 10.10%.

Moneyness: These options are currently 1.61% in the money and there is a 51.23% likelihood that these options will be exercised before or at expiration.

Most upside: If AXSOME THERAPEUTICS INC. COMMON STOCK closes at or above $65.00, this trade could return up to 22.87%. Based on our analysis, there is a 51.23% 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 34.47% chance the underlying will close at or below its breakeven price of $52.90, 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.

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Quantchabot has detected a promising Bear Call Spread trade opportunity for RENAISSANCERE HOLDINGS (RNR) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

RNR was recently trading at $143.92 and has an implied volatility of 22.18% for this period. Based on an analysis of the options available for RNR expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $135.30-$143.93 at expiration. In this scenario, the average linear return for the trade would be 23.65%.

52 week low: RENAISSANCERE HOLDINGS recently reached a new 52-week low at $143.10. RNR had traded in the range $144.03-$191.24 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 RNR maintains its current direction and does not revert back to pricing on the bullish side of $143.92 on 16-Jul-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 RENAISSANCERE HOLDINGS closes at or below $144.65 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 53.21% 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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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for GLOBUS MARITIME (GLBS) for the 19-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

GLBS was recently trading at $5.07 and has an implied volatility of 110.12% for this period. Based on an analysis of the options available for GLBS expiring on 19-Nov-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $2.48-$10.37 at expiration. In this scenario, the average linear return for the trade would be 44.66%.

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 $0.07 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 $0.45 per share. The final position can be considered as having a discount of $0.52 per share over the underlying price of $5.07 for a 10.17% 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.

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Quantchabot has detected a promising Bull Call Spread trade opportunity for CLEAN ENERGY FUELS (CLNE) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CLNE was recently trading at $12.21 and has an implied volatility of 150.47% for this period. Based on an analysis of the options available for CLNE expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $12.21-$18.58 at expiration. In this scenario, the average linear return for the trade would be 164.46%.

Big 9.80% Change: After closing the last trading session at $11.12, CLEAN ENERGY FUELS opened today at $11.70 and has reached a high of $12.45.

Trade approach: A movement as big as 9.80% is a significantly bullish indicator, so this trade is designed to be profitable if CLNE maintains its current direction and does not revert back to pricing on the bearish side of $12.21 on 16-Jul-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 CLEAN ENERGY FUELS closes at or above $12.20 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 50.08% 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.

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Quantchabot has detected a promising Covered Call trade opportunity for SILVERCREST METALS INC (SILV) for the 17-Dec-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SILV was recently trading at $9.20 and has an implied volatility of 61.54% for this period. Based on an analysis of the options available for SILV expiring on 17-Dec-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $5.96-$14.23 at expiration. In this scenario, the average linear return for the trade would be 10.07%.

Moneyness: These options are currently 35.94% out of the money and there is a 26.12% likelihood that these options will be exercised before or at expiration.

Most upside: If SILVERCREST METALS INC closes at or above $12.50, this trade could return up to 47.06%. Based on our analysis, there is a 24.11% 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 42.71% chance the underlying will close at or below its breakeven price of $8.50, 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.

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for PROPERTY SOLUTIONS ACQUISITION CORP. COMMON STOCK (PSAC) for the 20-Jan-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PSAC was recently trading at $12.60 and has an implied volatility of 73.81% for this period. Based on an analysis of the options available for PSAC expiring on 20-Jan-2023, there is a 68.27% likelihood that the underlying will close within the analyzed range of $4.98-$32.11 at expiration. In this scenario, the average linear return for the trade would be 52.45%.

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 $12.50, which is already $0.10 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 $1.40 per share. The final position can be considered as having a discount of $1.50 per share over the underlying price of $12.60 for a 11.90% 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.

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Quantchabot has detected a promising Bull Put Spread trade opportunity for PUBLIC STORAGE (PSA) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PSA was recently trading at $297.53 and has an implied volatility of 16.50% for this period. Based on an analysis of the options available for PSA expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $297.55-$311.57 at expiration. In this scenario, the average linear return for the trade would be 29.78%.

52 week high: PUBLIC STORAGE recently reached a new 52-week high at $298.30. PSA had traded in the range $183.22-$296.11 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 PSA maintains its current direction and does not revert back to pricing on the bearish side of $297.53 on 16-Jul-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 PUBLIC STORAGE closes at or above $297.50 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 50.15% 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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Quantchabot has detected a promising Bull Call Spread trade opportunity for OLO INC (OLO) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

OLO was recently trading at $41.85 and has an implied volatility of 64.47% for this period. Based on an analysis of the options available for OLO expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $41.85-$50.10 at expiration. In this scenario, the average linear return for the trade would be 56.73%.

Big 9.27% Change: After closing the last trading session at $38.30, OLO INC opened today at $38.05 and has reached a high of $41.85.

Trade approach: A movement as big as 9.27% is a significantly bullish indicator, so this trade is designed to be profitable if OLO maintains its current direction and does not revert back to pricing on the bearish side of $41.85 on 16-Jul-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 OLO INC closes at or above $40.90 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 55.10% 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.

Quantcha now offering unlimited commission-free options trading.

Quantchabot has detected a promising Covered Call trade opportunity for THOMA BRAVO ADVANTAGE (TBA) for the 17-Sep-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TBA was recently trading at $9.94 and has an implied volatility of 65.58% for this period. Based on an analysis of the options available for TBA expiring on 17-Sep-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $7.16-$13.81 at expiration. In this scenario, the average linear return for the trade would be 10.69%.

Moneyness: These options are currently 25.75% out of the money and there is a 30.06% likelihood that these options will be exercised before or at expiration.

Most upside: If THOMA BRAVO ADVANTAGE closes at or above $12.50, this trade could return up to 38.12%. Based on our analysis, there is a 24.28% 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 38.71% chance the underlying will close at or below its breakeven price of $9.05, 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.