StockTwits Trending Alert: Trading recent interest in FARADAY FUTURE INTELLIGENT ELECTRIC INC $FFIE

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Quantchabot has detected a promising Covered Put trade opportunity for FARADAY FUTURE INTELLIGENT ELECTRIC INC (FFIE) for the 3-Dec-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

FFIE was recently trading at $6.57 and has an implied volatility of 111.39% for this period. Based on an analysis of the options available for FFIE expiring on 3-Dec-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $5.48-$6.57 at expiration. In this scenario, the average linear return for the trade would be 19.83%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, FARADAY FUTURE INTELLIGENT ELECTRIC 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 FFIE 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 FARADAY FUTURE INTELLIGENT ELECTRIC INC closed at or below $6.77 on 3-Dec-2021. Based on our analysis, there is a 56.57% 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.