Quantchabot has detected a promising Bull Put Spread trade opportunity for INTERNATIONAL SEAWAYS INC (INSW) for the 20-Oct-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
INSW was recently trading at $43.15 and has an implied volatility of 37.13% for this period. Based on an analysis of the options available for INSW expiring on 20-Oct-2023, there is a 26.45% likelihood that the underlying will close within the analyzed range of $43.15-$48.07 at expiration. In this scenario, the average linear return for the trade would be 79.56%.
Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, INTERNATIONAL SEAWAYS INC 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 INSW on StockTwits appears to be significantly 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 INTERNATIONAL SEAWAYS INC closed at or above $42.55 on 20-Oct-2023. Based on our analysis, there is a 46.40% 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.