StockTwits Trending Alert: Trading recent interest in YETI HOLDINGS INC $YETI

Quantchabot has detected a promising Long Risk Reversal trade opportunity for YETI HOLDINGS INC (YETI) for the 20-Jan-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

YETI was recently trading at $41.83 and has an implied volatility of 56.04% for this period. Based on an analysis of the options available for YETI expiring on 20-Jan-2023, there is a 35.38% likelihood that the underlying will close within the analyzed range of $41.83-$65.12 at expiration. In this scenario, the average linear return for the trade would be 120.68%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, YETI HOLDINGS 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 YETI on StockTwits appears to be significantly 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 YETI HOLDINGS INC closed at or above $41.00 on 20-Jan-2023. Based on our analysis, there is a 53.10% 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.