Covered Call Alert: REALOGY HOLDINGS $RLGY returning up to 27.46% through 18-Jun-2021

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Quantchabot has detected a promising Covered Call trade opportunity for REALOGY HOLDINGS (RLGY) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

RLGY was recently trading at $15.80 and has an implied volatility of 70.17% for this period. Based on an analysis of the options available for RLGY expiring on 18-Jun-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $10.13-$24.70 at expiration. In this scenario, the average linear return for the trade would be 10.04%.

Moneyness: These options are currently 11.01% out of the money and there is a 40.94% likelihood that these options will be exercised before or at expiration.

Most upside: If REALOGY HOLDINGS closes at or above $17.50, this trade could return up to 27.46%. Based on our analysis, there is a 41.01% 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 37.56% chance the underlying will close at or below its breakeven price of $13.73, 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.

52-Week High Alert: Trading today’s movement in HELEN OF TROY $HELE

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Quantchabot has detected a promising Bull Put Spread trade opportunity for HELEN OF TROY (HELE) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HELE was recently trading at $233.21 and has an implied volatility of 31.68% for this period. Based on an analysis of the options available for HELE expiring on 19-Mar-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $233.26-$264.16 at expiration. In this scenario, the average linear return for the trade would be 46.65%.

52 week high: HELEN OF TROY recently reached a new 52-week high at $235.07. HELE had traded in the range $104.02-$233.17 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 HELE maintains its current direction and does not revert back to pricing on the bearish side of $233.21 on 19-Mar-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 HELEN OF TROY closes at or above $233.00 on 19-Mar-2021. Based on our risk-neutral analysis, there is a 50.35% 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.

Big Gainer Alert: Trading today’s 9.5% move in CRYOPORT INC. COMMON STOCK $CYRX

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Quantchabot has detected a promising Bull Put Spread trade opportunity for CRYOPORT INC. COMMON STOCK (CYRX) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CYRX was recently trading at $80.77 and has an implied volatility of 78.22% for this period. Based on an analysis of the options available for CYRX expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $80.78-$100.44 at expiration. In this scenario, the average linear return for the trade would be 74.05%.

Big 9.52% Change: After closing the last trading session at $73.75, CRYOPORT INC. COMMON STOCK opened today at $73.47 and has reached a high of $80.92.

Trade approach: A movement as big as 9.52% is a significantly bullish indicator, so this trade is designed to be profitable if CYRX maintains its current direction and does not revert back to pricing on the bearish side of $80.77 on 19-Feb-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 CRYOPORT INC. COMMON STOCK closes at or above $80.40 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.86% 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.

52-Week High Alert: Trading today’s movement in DAQO NEW ENERGY $DQ

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Quantchabot has detected a promising Bull Put Spread trade opportunity for DAQO NEW ENERGY (DQ) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DQ was recently trading at $97.88 and has an implied volatility of 109.45% for this period. Based on an analysis of the options available for DQ expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $97.89-$132.78 at expiration. In this scenario, the average linear return for the trade would be 74.81%.

52 week high: DAQO NEW ENERGY recently reached a new 52-week high at $98.35. DQ had traded in the range $8.32-$85.55 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 DQ maintains its current direction and does not revert back to pricing on the bearish side of $97.88 on 19-Feb-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 DAQO NEW ENERGY closes at or above $97.70 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.25% 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.

Big Gainer Alert: Trading today’s 9.4% move in 3D SYSTEMS $DDD

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Quantchabot has detected a promising Bull Call Spread trade opportunity for 3D SYSTEMS (DDD) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DDD was recently trading at $34.34 and has an implied volatility of 109.89% for this period. Based on an analysis of the options available for DDD expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $34.35-$46.64 at expiration. In this scenario, the average linear return for the trade would be 97.99%.

Big 9.44% Change: After closing the last trading session at $31.38, 3D SYSTEMS opened today at $30.10 and has reached a high of $34.94.

Trade approach: A movement as big as 9.44% is a significantly bullish indicator, so this trade is designed to be profitable if DDD maintains its current direction and does not revert back to pricing on the bearish side of $34.34 on 19-Feb-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 3D SYSTEMS closes at or above $34.20 on 19-Feb-2021. Based on our risk-neutral 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.

Synthetic Long Discount Alert: SELLAS LIFE SCIENCES GROUP INC. COMMON STOCK $SLS trading at a 10.15% discount for the 16-Jul-2021 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for SELLAS LIFE SCIENCES GROUP INC. COMMON STOCK (SLS) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SLS was recently trading at $6.01 and has an implied volatility of 126.50% for this period. Based on an analysis of the options available for SLS expiring on 16-Jul-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $2.50-$14.46 at expiration. In this scenario, the average linear return for the trade would be 51.55%.

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 $1.01 in the money. An out-of-the-money put at the same strike is sold to finance the call, resulting in a net debit of $0.40 per share. The final position can be considered as having a discount of $0.61 per share over the underlying price of $6.01 for a 10.15% 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.

52-Week High Alert: Trading today’s movement in MSA SAFETY INC $MSA

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Quantchabot has detected a promising Bull Put Spread trade opportunity for MSA SAFETY INC (MSA) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MSA was recently trading at $162.44 and has an implied volatility of 29.92% for this period. Based on an analysis of the options available for MSA expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $162.03-$176.11 at expiration. In this scenario, the average linear return for the trade would be 16.02%.

52 week high: MSA SAFETY INC recently reached a new 52-week high at $163.28. MSA had traded in the range $83.57-$161.72 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 MSA maintains its current direction and does not revert back to pricing on the bearish side of $162.44 on 19-Feb-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 MSA SAFETY INC closes at or above $161.90 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.37% 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.

Big Gainer Alert: Trading today’s 7.7% move in MAGNITE INC. COMMON STOCK $MGNI

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Quantchabot has detected a promising Bull Call Spread trade opportunity for MAGNITE INC. COMMON STOCK (MGNI) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MGNI was recently trading at $39.08 and has an implied volatility of 100.53% for this period. Based on an analysis of the options available for MGNI expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $39.08-$51.71 at expiration. In this scenario, the average linear return for the trade would be 83.31%.

Big 7.72% Change: After closing the last trading session at $36.28, MAGNITE INC. COMMON STOCK opened today at $35.66 and has reached a high of $39.82.

Trade approach: A movement as big as 7.72% is a significantly bullish indicator, so this trade is designed to be profitable if MGNI maintains its current direction and does not revert back to pricing on the bearish side of $39.08 on 19-Feb-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 MAGNITE INC. COMMON STOCK closes at or above $37.70 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 55.12% 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.

Synthetic Long Discount Alert: TILRAY INC. CLASS 2 COMMON STOCK $TLRY trading at a 12.18% discount for the 21-Jan-2022 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 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TLRY was recently trading at $17.82 and has an implied volatility of 98.25% for this period. Based on an analysis of the options available for TLRY expiring on 21-Jan-2022, there is a 68.27% likelihood that the underlying will close within the analyzed range of $6.70-$47.71 at expiration. In this scenario, the average linear return for the trade would be 53.46%.

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 $0.32 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 $1.85 per share. The final position can be considered as having a discount of $2.17 per share over the underlying price of $17.82 for a 12.18% 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.

Synthetic Long Discount Alert: CBAK ENERGY TECHNOLOGY INC. COMMON STOCK $CBAT trading at a 18.02% discount for the 16-Jul-2021 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for CBAK ENERGY TECHNOLOGY INC. COMMON STOCK (CBAT) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CBAT was recently trading at $7.16 and has an implied volatility of 150.52% for this period. Based on an analysis of the options available for CBAT expiring on 16-Jul-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $2.53-$20.34 at expiration. In this scenario, the average linear return for the trade would be 70.78%.

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 $0.34 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 $1.63 per share. The final position can be considered as having a discount of $1.29 per share over the underlying price of $7.16 for a 18.02% 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.