StockTwits Trending Alert: Trading recent interest in CRESCENT ENERGY COMPANY $CRGY

Quantchabot has detected a promising Covered Put trade opportunity for CRESCENT ENERGY COMPANY (CRGY) for the 20-Jan-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CRGY was recently trading at $13.00 and has an implied volatility of 74.08% for this period. Based on an analysis of the options available for CRGY expiring on 20-Jan-2023, there is a 33.09% likelihood that the underlying will close within the analyzed range of $7.49-$13.00 at expiration. In this scenario, the average linear return for the trade would be 45.80%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, CRESCENT ENERGY COMPANY 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 CRGY 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 CRESCENT ENERGY COMPANY closed at or below $13.53 on 20-Jan-2023. Based on our analysis, there is a 51.80% 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.