Big Gainer Alert: Trading today’s 7.6% move in ANGI INC $ANGI

Quantchabot has detected a promising Covered Call trade opportunity for ANGI INC (ANGI) for the 20-Jan-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ANGI was recently trading at $2.19 and has an implied volatility of 84.69% for this period. Based on an analysis of the options available for ANGI expiring on 20-Jan-2023, there is a 34.18% likelihood that the underlying will close within the analyzed range of $2.20-$3.09 at expiration. In this scenario, the average linear return for the trade would be 19.19%.

Big 7.64% Change: After closing the last trading session at $2.03, ANGI INC opened today at $2.02 and has reached a high of $2.21.

Trade approach: A movement as big as 7.64% is a significantly bullish indicator, so this trade is designed to be profitable if ANGI maintains its current direction and does not revert back to pricing on the bearish side of $2.19 on 20-Jan-2023. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if ANGI INC closes at or above $2.04 on 20-Jan-2023. Based on our risk-neutral analysis, there is a 58.77% 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.