StockTwits Trending Alert: Trading recent interest in NGL ENERGY PARTNERS $NGL

Quantchabot has detected a new Covered Call trade opportunity for NGL ENERGY PARTNERS (NGL) for the 17-Jan-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

NGL was recently trading at $5.43 and has an implied volatility of 50.61% for this period. Based on an analysis of the options available for NGL expiring on 17-Jan-2025, there is a 37.55% likelihood that the underlying will close within the analyzed range of $5.44-$8.34 at expiration. In this scenario, the average linear return for the trade would be 27.21%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, NGL ENERGY PARTNERS 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 NGL on StockTwits appears to be moderately 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 NGL ENERGY PARTNERS closed at or above $5.19 on 17-Jan-2025. Based on our analysis, there is a 58.02% 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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