StockTwits Trending Alert: Trading recent interest in CYTOMX THERAPEUTICS INC. COMMON STOCK $CTMX

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Quantchabot has detected a promising Covered Put trade opportunity for CYTOMX THERAPEUTICS INC. COMMON STOCK (CTMX) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CTMX was recently trading at $9.50 and has an implied volatility of 111.18% for this period. Based on an analysis of the options available for CTMX expiring on 21-May-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $7.44-$9.50 at expiration. In this scenario, the average linear return for the trade would be 23.62%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, CYTOMX THERAPEUTICS INC. COMMON STOCK 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 CTMX 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 CYTOMX THERAPEUTICS INC. COMMON STOCK closed at or below $9.60 on 21-May-2021. Based on our analysis, there is a 51.70% 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.