Quantchabot has detected a promising Covered Put trade opportunity for MONDAY.COM LTD. ORDINARY SHARES (MNDY) for the 15-Dec-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
MNDY was recently trading at $131.10 and has an implied volatility of 69.87% for this period. Based on an analysis of the options available for MNDY expiring on 15-Dec-2023, there is a 31.82% likelihood that the underlying will close within the analyzed range of $78.98-$131.10 at expiration. In this scenario, the average linear return for the trade would be 224.39%.
Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, MONDAY.COM LTD. ORDINARY SHARES 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 MNDY 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 MONDAY.COM LTD. ORDINARY SHARES closed at or below $194.60 on 15-Dec-2023. Based on our analysis, there is a 75.04% 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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