Covered Call Alert: FIBROGEN INC COMMON STOCK $FGEN returning up to 26.42% through 15-Nov-2019

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Quantchabot has detected a promising Covered Call trade opportunity for FIBROGEN INC COMMON STOCK (FGEN) for the 15-Nov-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

FGEN was recently trading at $44.51 and has an implied volatility of 62.33% for this period. Based on an analysis of the options available for FGEN expiring on 15-Nov-2019, there is a 68.27% likelihood that the underlying will close within the analyzed range of $30.64-$65.83 at expiration. In this scenario, the average linear return for the trade would be 10.04%.

Moneyness: These options are currently 12.31% out of the money and there is a 39.41% likelihood that these options will be exercised before or at expiration.

Most upside: If FIBROGEN INC COMMON STOCK closes at or above $50.00, this trade could return up to 26.42%. Based on our analysis, there is a 38.95% 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 36.97% chance the underlying will close at or below its breakeven price of $39.55, 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 6/28/2019 2:33:51 PM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Synthetic Long Discount Alert: AURORA CANNABIS INC $ACB trading at a 10.26% discount for the 15-Jan-2021 expiration

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

ACB was recently trading at $7.74 and has an implied volatility of 35.80% for this period. Based on an analysis of the options available for ACB expiring on 15-Jan-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $4.09-$15.70 at expiration. In this scenario, the average linear return for the trade would be 62.66%.

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 $7.00, which is already $0.74 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 $0.79 per share over the underlying price of $7.74 for a 10.21% 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 6/28/2019 11:12:08 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in CONSTELLATION BRANDS $STZ

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

STZ was recently trading at $195.99 and has an implied volatility of 28.70% for this period. Based on an analysis of the options available for STZ expiring on 12-Jul-2019, there is a 34.86% likelihood that the underlying will close within the analyzed range of $195.98-$207.70 at expiration. In this scenario, the average linear return for the trade would be 57.21%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, CONSTELLATION BRANDS 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 STZ 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 CONSTELLATION BRANDS closed at or above $195.60 on 12-Jul-2019. Based on our analysis, there is a 52.06% 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 6/28/2019 10:51:38 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 ARCONIC INC $ARNC

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Quantchabot has detected a promising Bull Put Spread trade opportunity for ARCONIC INC (ARNC) for the 26-Jul-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ARNC was recently trading at $25.44 and has an implied volatility of 27.29% for this period. Based on an analysis of the options available for ARNC expiring on 26-Jul-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $25.49-$27.48 at expiration. In this scenario, the average linear return for the trade would be 46.30%.

52 week high: ARCONIC INC recently reached a new 52-week high at $25.63. ARNC had traded in the range $15.63-$24.97 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 ARNC maintains its current direction and does not revert back to pricing on the bearish side of $25.44 on 26-Jul-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 ARCONIC INC closes at or above $25.47 on 26-Jul-2019. Based on our risk-neutral analysis, there is a 50.38% 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 6/28/2019 10:51:15 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Gainer Alert: Trading today’s 7.7% move in SMART GLOBAL HOLDINGS INC. ORDINARY SHARES $SGH

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Quantchabot has detected a promising Long Risk Reversal trade opportunity for SMART GLOBAL HOLDINGS INC. ORDINARY SHARES (SGH) for the 20-Sep-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SGH was recently trading at $23.17 and has an implied volatility of 54.47% for this period. Based on an analysis of the options available for SGH expiring on 20-Sep-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $23.30-$30.17 at expiration. In this scenario, the average linear return for the trade would be 54.23%.

Big 7.67% Change: After closing the last trading session at $21.52, SMART GLOBAL HOLDINGS INC. ORDINARY SHARES opened today at $21.85 and has reached a high of $23.42.

Trade approach: A movement as big as 7.67% is a significantly bullish indicator, so this trade is designed to be profitable if SGH maintains its current direction and does not revert back to pricing on the bearish side of $23.17 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 SMART GLOBAL HOLDINGS INC. ORDINARY SHARES closes at or above $22.10 on 20-Sep-2019. Based on our risk-neutral analysis, there is a 58.11% 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 6/28/2019 10:51:10 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Synthetic Long Discount Alert: APHRIA INC $APHA trading at a 11.54% discount for the 15-Jan-2021 expiration

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

APHA was recently trading at $7.06 and has an implied volatility of 34.39% for this period. Based on an analysis of the options available for APHA expiring on 15-Jan-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $3.60-$14.86 at expiration. In this scenario, the average linear return for the trade would be 61.57%.

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 put position is opened at a strike of $7.50, which is already $0.44 in-the-money. However, its sale more than offsets this moneyness and the cost of the long call that the trade results in a net credit of of $1.25 per share. The final position can be considered as having a discount of $0.81 per share over the underlying price of $7.06 for a 11.52% 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.


This is an automated post generated based on a market analysis of delayed data at 6/28/2019 10:49:49 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in BOEING $BA

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Quantchabot has detected a promising Bear Call Spread trade opportunity for BOEING (BA) for the 12-Jul-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BA was recently trading at $363.04 and has an implied volatility of 25.90% for this period. Based on an analysis of the options available for BA expiring on 12-Jul-2019, there is a 33.53% likelihood that the underlying will close within the analyzed range of $345.34-$363.11 at expiration. In this scenario, the average linear return for the trade would be 87.13%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, BOEING 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 BA 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 BOEING closed at or below $363.65 on 12-Jul-2019. Based on our analysis, there is a 50.56% 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 6/28/2019 10:50:02 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 TRIMBLE INC $TRMB

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Quantchabot has detected a promising Bull Call Spread trade opportunity for TRIMBLE INC (TRMB) for the 19-Jul-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TRMB was recently trading at $44.62 and has an implied volatility of 22.79% for this period. Based on an analysis of the options available for TRMB expiring on 19-Jul-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $44.68-$47.29 at expiration. In this scenario, the average linear return for the trade would be 21.35%.

52 week high: TRIMBLE INC recently reached a new 52-week high at $44.75. TRMB had traded in the range $29.75-$44.55 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 TRMB maintains its current direction and does not revert back to pricing on the bearish side of $44.62 on 19-Jul-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 TRIMBLE INC closes at or above $44.10 on 19-Jul-2019. Based on our risk-neutral analysis, there is a 59.17% 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 6/28/2019 10:49:59 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

Big Gainer Alert: Trading today’s 11.0% move in GMS INC $GMS

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Quantchabot has detected a promising Bull Call Spread trade opportunity for GMS INC (GMS) for the 16-Aug-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

GMS was recently trading at $21.87 and has an implied volatility of 39.37% for this period. Based on an analysis of the options available for GMS expiring on 16-Aug-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $21.94-$25.97 at expiration. In this scenario, the average linear return for the trade would be 32.29%.

Big 10.99% Change: After closing the last trading session at $19.70, GMS INC opened today at $19.98 and has reached a high of $21.88.

Trade approach: A movement as big as 10.99% is a significantly bullish indicator, so this trade is designed to be profitable if GMS maintains its current direction and does not revert back to pricing on the bearish side of $21.87 on 16-Aug-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 GMS INC closes at or above $21.85 on 16-Aug-2019. Based on our risk-neutral analysis, there is a 50.94% 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 6/28/2019 10:49:43 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.

StockTwits Trending Alert: Trading recent interest in FINANCIAL SELECT SECTOR SPDR $XLF

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Quantchabot has detected a promising Bull Call Spread trade opportunity for FINANCIAL SELECT SECTOR SPDR (XLF) for the 12-Jul-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

XLF was recently trading at $27.55 and has an implied volatility of 15.51% for this period. Based on an analysis of the options available for XLF expiring on 12-Jul-2019, there is a 35.15% likelihood that the underlying will close within the analyzed range of $27.56-$28.44 at expiration. In this scenario, the average linear return for the trade would be 35.14%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, FINANCIAL SELECT SECTOR SPDR 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 XLF 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 FINANCIAL SELECT SECTOR SPDR closed at or above $27.37 on 12-Jul-2019. Based on our analysis, there is a 59.68% 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 6/28/2019 10:48:51 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.