Synthetic Long Discount Alert: TILRAY INC. CLASS 2 COMMON STOCK $TLRY trading at a 10.40% discount for the 15-Jan-2021 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for TILRAY INC. CLASS 2 COMMON STOCK (TLRY) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TLRY was recently trading at $65.46 and has an implied volatility of 37.62% for this period. Based on an analysis of the options available for TLRY expiring on 15-Jan-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $31.68-$149.20 at expiration. In this scenario, the average linear return for the trade would be 60.29%.

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 $65.00, 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 $6.35 per share. The final position can be considered as having a discount of $6.81 per share over the underlying price of $65.46 for a 10.40% 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 3/29/2019 12:51:35 PM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Synthetic Long Discount Alert: BP PRUDHOE BAY $BPT trading at a 10.57% discount for the 21-Jun-2019 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for BP PRUDHOE BAY (BPT) for the 21-Jun-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BPT was recently trading at $27.05 and has an implied volatility of 12.39% for this period. Based on an analysis of the options available for BPT expiring on 21-Jun-2019, there is a 68.27% likelihood that the underlying will close within the analyzed range of $19.60-$37.77 at expiration. In this scenario, the average linear return for the trade would be 59.23%.

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 $25.00, which is already $2.05 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 $0.80 per share. The final position can be considered as having a discount of $2.85 per share over the underlying price of $27.05 for a 10.54% 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 3/29/2019 11:51:35 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in CARMAX $KMX

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Quantchabot has detected a promising Bull Put Spread trade opportunity for CARMAX (KMX) for the 12-Apr-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

KMX was recently trading at $68.79 and has an implied volatility of 28.17% for this period. Based on an analysis of the options available for KMX expiring on 12-Apr-2019, there is a 34.74% likelihood that the underlying will close within the analyzed range of $68.80-$72.85 at expiration. In this scenario, the average linear return for the trade would be 49.33%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, CARMAX 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 KMX on StockTwits appears to be significantly positive, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bullish strategy could prove effective if the sentiment ultimately turns out to drive trading.

Upside potential: Using this bullish strategy, the trade would be profitable if CARMAX closed at or above $68.70 on 12-Apr-2019. Based on our analysis, there is a 51.63% 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 3/29/2019 10:43:02 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

52-Week High Alert: Trading today’s movement in NORFOLK SOUTHERN $NSC

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Quantchabot has detected a promising Bull Put Spread trade opportunity for NORFOLK SOUTHERN (NSC) for the 18-Apr-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

NSC was recently trading at $187.12 and has an implied volatility of 19.57% for this period. Based on an analysis of the options available for NSC expiring on 18-Apr-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $187.38-$196.29 at expiration. In this scenario, the average linear return for the trade would be 51.41%.

52 week high: NORFOLK SOUTHERN recently reached a new 52-week high at $188.49. NSC had traded in the range $127.79-$186.91 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 NSC maintains its current direction and does not revert back to pricing on the bearish side of $187.12 on 18-Apr-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 NORFOLK SOUTHERN closes at or above $186.65 on 18-Apr-2019. Based on our risk-neutral analysis, there is a 53.37% 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 3/29/2019 10:42:34 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in WESTERN DIGITAL $WDC

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Quantchabot has detected a promising Bull Put Spread trade opportunity for WESTERN DIGITAL (WDC) for the 12-Apr-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

WDC was recently trading at $48.17 and has an implied volatility of 43.70% for this period. Based on an analysis of the options available for WDC expiring on 12-Apr-2019, there is a 34.59% likelihood that the underlying will close within the analyzed range of $48.17-$52.62 at expiration. In this scenario, the average linear return for the trade would be 65.95%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, WESTERN DIGITAL 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 WDC on StockTwits appears to be moderately positive, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bullish strategy could prove effective if the sentiment ultimately turns out to drive trading.

Upside potential: Using this bullish strategy, the trade would be profitable if WESTERN DIGITAL closed at or above $48.16 on 12-Apr-2019. Based on our analysis, there is a 50.55% 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 3/29/2019 10:42:33 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in LULULEMON ATHLETICA $LULU

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Quantchabot has detected a promising Bear Put Spread trade opportunity for LULULEMON ATHLETICA (LULU) for the 12-Apr-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

LULU was recently trading at $165.53 and has an implied volatility of 29.69% for this period. Based on an analysis of the options available for LULU expiring on 12-Apr-2019, there is a 33.42% likelihood that the underlying will close within the analyzed range of $156.17-$165.52 at expiration. In this scenario, the average linear return for the trade would be 70.30%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, LULULEMON ATHLETICA 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 LULU 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 LULULEMON ATHLETICA closed at or below $165.93 on 12-Apr-2019. Based on our analysis, there is a 50.95% 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 3/29/2019 10:42:02 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

52-Week High Alert: Trading today’s movement in INTUIT $INTU

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Quantchabot has detected a promising Bull Put Spread trade opportunity for INTUIT (INTU) for the 17-May-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

INTU was recently trading at $259.94 and has an implied volatility of 21.61% for this period. Based on an analysis of the options available for INTU expiring on 17-May-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $260.83-$283.14 at expiration. In this scenario, the average linear return for the trade would be 44.93%.

52 week high: INTUIT recently reached a new 52-week high at $260.82. INTU had traded in the range $166.52-$260.71 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 INTU maintains its current direction and does not revert back to pricing on the bearish side of $259.94 on 17-May-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 INTUIT closes at or above $256.90 on 17-May-2019. Based on our risk-neutral analysis, there is a 57.34% 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 3/29/2019 10:42:02 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Gainer Alert: Trading today’s 15.5% move in PROGRESS SOFTWARE $PRGS

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Quantchabot has detected a promising Bull Put Spread trade opportunity for PROGRESS SOFTWARE (PRGS) for the 21-Jun-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PRGS was recently trading at $44.27 and has an implied volatility of 33.63% for this period. Based on an analysis of the options available for PRGS expiring on 21-Jun-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $44.53-$51.95 at expiration. In this scenario, the average linear return for the trade would be 14.45%.

Big 15.53% Change: After closing the last trading session at $38.32, PROGRESS SOFTWARE opened today at $46.40 and has reached a high of $47.60.

Trade approach: A movement as big as 15.53% is a significantly bullish indicator, so this trade is designed to be profitable if PRGS maintains its current direction and does not revert back to pricing on the bearish side of $44.27 on 21-Jun-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 PROGRESS SOFTWARE closes at or above $44.35 on 21-Jun-2019. Based on our risk-neutral analysis, there is a 51.05% 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 3/29/2019 10:41:39 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in VANECK VECTORS GOLD MINERS ETF $GDX

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Quantchabot has detected a promising Bear Call Spread trade opportunity for VANECK VECTORS GOLD MINERS ETF (GDX) for the 12-Apr-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

GDX was recently trading at $22.51 and has an implied volatility of 22.86% for this period. Based on an analysis of the options available for GDX expiring on 12-Apr-2019, there is a 33.26% likelihood that the underlying will close within the analyzed range of $21.53-$22.51 at expiration. In this scenario, the average linear return for the trade would be 61.29%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, VANECK VECTORS GOLD MINERS ETF 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 GDX 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 VANECK VECTORS GOLD MINERS ETF closed at or below $22.69 on 12-Apr-2019. Based on our analysis, there is a 56.31% 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 3/29/2019 10:41:37 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

52-Week High Alert: Trading today’s movement in ACCENTURE $ACN

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Quantchabot has detected a promising Bull Call Spread trade opportunity for ACCENTURE (ACN) for the 21-Jun-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ACN was recently trading at $175.35 and has an implied volatility of 13.41% for this period. Based on an analysis of the options available for ACN expiring on 21-Jun-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $174.91-$187.79 at expiration. In this scenario, the average linear return for the trade would be 51.48%.

52 week high: ACCENTURE recently reached a new 52-week high at $176.97. ACN had traded in the range $132.63-$175.64 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 ACN maintains its current direction and does not revert back to pricing on the bearish side of $175.35 on 21-Jun-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 ACCENTURE closes at or above $173.30 on 21-Jun-2019. Based on our risk-neutral analysis, there is a 55.18% 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 3/29/2019 10:41:14 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.