StockTwits Trending Alert: Trading recent interest in BIOHAVEN PHARMACEUTICAL HOLDING CO LTD $BHVN

Quantcha now offering unlimited commission-free options trading.

Quantchabot has detected a promising Covered Put trade opportunity for BIOHAVEN PHARMACEUTICAL HOLDING CO LTD (BHVN) for the 16-Dec-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BHVN was recently trading at $83.14 and has an implied volatility of 70.11% for this period. Based on an analysis of the options available for BHVN expiring on 16-Dec-2022, there is a 33.51% likelihood that the underlying will close within the analyzed range of $48.61-$83.14 at expiration. In this scenario, the average linear return for the trade would be 6628.57%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, BIOHAVEN PHARMACEUTICAL HOLDING CO LTD 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 BHVN 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 BIOHAVEN PHARMACEUTICAL HOLDING CO LTD closed at or below $124.64 on 16-Dec-2022. Based on our analysis, there is a 76.63% 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.