StockTwits Trending Alert: Trading recent interest in TATTOOED CHEF INC $TTCF

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Quantchabot has detected a promising Bull Call Spread trade opportunity for TATTOOED CHEF INC (TTCF) for the 22-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TTCF was recently trading at $18.07 and has an implied volatility of 47.35% for this period. Based on an analysis of the options available for TTCF expiring on 22-Oct-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $18.07-$19.44 at expiration. In this scenario, the average linear return for the trade would be 34.95%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, TATTOOED CHEF INC 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 TTCF 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 TATTOOED CHEF INC closed at or above $18.05 on 22-Oct-2021. Based on our analysis, there is a 50.62% 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.