StockTwits Trending Alert: Trading recent interest in TUTTLE CAPITAL SHORT INNOVATION ETF $SARK

Quantchabot has detected a promising Bull Call Spread trade opportunity for TUTTLE CAPITAL SHORT INNOVATION ETF (SARK) for the 16-Dec-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SARK was recently trading at $66.40 and has an implied volatility of 69.72% for this period. Based on an analysis of the options available for SARK expiring on 16-Dec-2022, there is a 34.96% likelihood that the underlying will close within the analyzed range of $66.40-$110.51 at expiration. In this scenario, the average linear return for the trade would be 145.23%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, TUTTLE CAPITAL SHORT INNOVATION ETF 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 SARK 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 TUTTLE CAPITAL SHORT INNOVATION ETF closed at or above $65.60 on 16-Dec-2022. Based on our analysis, there is a 51.79% 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.