StockTwits Trending Alert: Trading recent interest in HEALTH CATALYST INC COMMON STOCK $HCAT

Quantchabot has detected a promising Covered Put trade opportunity for HEALTH CATALYST INC COMMON STOCK (HCAT) for the 19-Jan-2024 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HCAT was recently trading at $11.66 and has an implied volatility of 55.45% for this period. Based on an analysis of the options available for HCAT expiring on 19-Jan-2024, there is a 31.68% likelihood that the underlying will close within the analyzed range of $8.53-$11.66 at expiration. In this scenario, the average linear return for the trade would be 30.73%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, HEALTH CATALYST 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 HCAT 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 HEALTH CATALYST INC COMMON STOCK closed at or below $12.11 on 19-Jan-2024. Based on our analysis, there is a 52.07% 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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