StockTwits Trending Alert: Trading recent interest in FIRST REPUBLIC BANK (SAN $FRC

Quantchabot has detected a promising Covered Put trade opportunity for FIRST REPUBLIC BANK (SAN (FRC) for the 15-Dec-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

FRC was recently trading at $81.76 and has an implied volatility of 72.96% for this period. Based on an analysis of the options available for FRC expiring on 15-Dec-2023, there is a 31.61% likelihood that the underlying will close within the analyzed range of $45.04-$81.76 at expiration. In this scenario, the average linear return for the trade would be 196.12%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, FIRST REPUBLIC BANK (SAN 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 FRC on StockTwits appears to be moderately 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 FIRST REPUBLIC BANK (SAN closed at or below $120.06 on 15-Dec-2023. Based on our analysis, there is a 70.55% 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.






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