Quantchabot has detected a promising Covered Call trade opportunity for LAZYDAYS HOLDINGS INC. COMMON STOCK (LAZY) for the 16-Dec-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
LAZY was recently trading at $12.40 and has an implied volatility of 59.61% for this period. Based on an analysis of the options available for LAZY expiring on 16-Dec-2022, there is a 34.90% likelihood that the underlying will close within the analyzed range of $12.40-$18.93 at expiration. In this scenario, the average linear return for the trade would be 25.07%.
Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, LAZYDAYS HOLDINGS INC. COMMON STOCK 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 LAZY 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 LAZYDAYS HOLDINGS INC. COMMON STOCK closed at or above $12.05 on 16-Dec-2022. Based on our analysis, there is a 53.51% 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.