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Quantchabot has detected a promising Covered Call trade opportunity for THE TRADE DESK INC. CLASS A COMMON STOCK (TTD) for the 18-Oct-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TTD was recently trading at $209.40 and has an implied volatility of 58.50% for this period. Based on an analysis of the options available for TTD expiring on 18-Oct-2019, there is a 68.27% likelihood that the underlying will close within the analyzed range of $141.34-$318.22 at expiration. In this scenario, the average linear return for the trade would be 10.03%.

Moneyness: These options are currently 4.49% in the money and there is a 55.62% likelihood that these options will be exercised before or at expiration.

Most upside: If THE TRADE DESK INC. CLASS A COMMON STOCK closes at or above $200.00, this trade could return up to 17.03%. Based on our analysis, there is a 55.74% likelihood of this return.

The downside: As with any covered call, the risk is substantial as it is vulnerable to a downturn in the underlying itself. There is a 29.73% chance the underlying will close at or below its breakeven price of $170.89, resulting in a net loss on the trade.

To find the best covered calls on the market, be sure to check out Quantcha’s covered call screener.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

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Quantchabot has detected a promising Covered Call trade opportunity for HERON THERAPEUTICS INC. COMMO (HRTX) for the 20-Sep-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HRTX was recently trading at $23.78 and has an implied volatility of 66.88% for this period. Based on an analysis of the options available for HRTX expiring on 20-Sep-2019, there is a 68.27% likelihood that the underlying will close within the analyzed range of $15.68-$36.85 at expiration. In this scenario, the average linear return for the trade would be 10.17%.

Moneyness: These options are currently 26.21% out of the money and there is a 30.26% likelihood that these options will be exercised before or at expiration.

Most upside: If HERON THERAPEUTICS INC. COMMO closes at or above $30.00, this trade could return up to 37.36%. Based on our analysis, there is a 30.19% likelihood of this return.

The downside: As with any covered call, the risk is substantial as it is vulnerable to a downturn in the underlying itself. There is a 41.13% chance the underlying will close at or below its breakeven price of $21.84, resulting in a net loss on the trade.

To find the best covered calls on the market, be sure to check out Quantcha’s covered call screener.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for HANESBRANDS (HBI) for the 17-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HBI was recently trading at $18.94 and has an implied volatility of 43.01% for this period. Based on an analysis of the options available for HBI expiring on 17-Jan-2020, there is a 68.27% likelihood that the underlying will close within the analyzed range of ($18.18)-($37.79) at expiration. In this scenario, the average linear return for the trade would be 455.16%.

Upside potential: This synthetic long position offers the same potential benefits and liabilities as a long stock position, but at a discount due to the significant premium at-the-money puts are trading at over calls. In this case, the long call position is opened at a strike of $10.00, which is already $8.94 in the money. An out-of-the-money put at the same strike is sold to finance the call, resulting in a net debit of $9.35 per share. The final position can be considered as having a discount of ($0.41) per share over the underlying price of $18.94 for a -2.16% total.

Downside risk: This discount is generally a sign of the stock facing considerable short pressure, and may indicate that the stock has become hard to borrow. However, if you have a long view of the underlying over this period, it could be a good opportunity to benefit from the upside at a major discount.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

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Quantchabot has detected a promising Bull Put Spread trade opportunity for MANHATTAN ASSOCIATES (MANH) for the 19-Jul-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MANH was recently trading at $66.09 and has an implied volatility of 26.03% for this period. Based on an analysis of the options available for MANH expiring on 19-Jul-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $66.48-$76.77 at expiration. In this scenario, the average linear return for the trade would be 44.70%.

Big 8.15% Change: After closing the last trading session at $61.11, MANHATTAN ASSOCIATES opened today at $65.39 and has reached a high of $66.76.

Trade approach: A movement as big as 8.15% is a significantly bullish indicator, so this trade is designed to be profitable if MANH maintains its current direction and does not revert back to pricing on the bearish side of $66.09 on 19-Jul-2019. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if MANHATTAN ASSOCIATES closes at or above $66.40 on 19-Jul-2019. Based on our risk-neutral analysis, there is a 50.35% 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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Quantchabot has detected a promising Bear Call Spread trade opportunity for QUALCOMM (QCOM) for the 3-May-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

QCOM was recently trading at $87.55 and has an implied volatility of 50.25% for this period. Based on an analysis of the options available for QCOM expiring on 3-May-2019, there is a 33.84% likelihood that the underlying will close within the analyzed range of $80.88-$87.56 at expiration. In this scenario, the average linear return for the trade would be 59.85%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, QUALCOMM 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 QCOM 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 QUALCOMM closed at or below $87.63 on 3-May-2019. Based on our analysis, there is a 50.13% 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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Quantchabot has detected a promising Covered Put trade opportunity for ROBERT HALF INTERNATIONAL (RHI) for the 21-Jun-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

RHI was recently trading at $62.87 and has an implied volatility of 20.83% for this period. Based on an analysis of the options available for RHI expiring on 21-Jun-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $57.02-$63.12 at expiration. In this scenario, the average linear return for the trade would be 11.36%.

Big -8.61% Change: After closing the last trading session at $68.79, ROBERT HALF INTERNATIONAL opened today at $62.10 and has reached a low of $61.70.

Trade approach: A movement as big as -8.61% is a significantly bearish indicator, so this trade is designed to be profitable if RHI maintains its current direction and does not revert back to pricing on the bullish side of $62.87 on 21-Jun-2019. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bearish strategy, the trade would be profitable if ROBERT HALF INTERNATIONAL closes at or below $64.29 on 21-Jun-2019. Based on our risk-neutral analysis, there is a 57.15% 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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Quantchabot has detected a promising Bull Put Spread trade opportunity for VMWARE (VMW) for the 24-May-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

VMW was recently trading at $197.39 and has an implied volatility of 27.24% for this period. Based on an analysis of the options available for VMW expiring on 24-May-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $197.80-$213.51 at expiration. In this scenario, the average linear return for the trade would be 46.08%.

52 week high: VMWARE recently reached a new 52-week high at $198.83. VMW had traded in the range $129.33-$194.24 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if VMW maintains its current direction and does not revert back to pricing on the bearish side of $197.39 on 24-May-2019. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if VMWARE closes at or above $197.50 on 24-May-2019. Based on our risk-neutral analysis, there is a 50.80% 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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Quantchabot has detected a promising Bear Call Spread trade opportunity for TEXAS INSTRUMENTS (TXN) for the 3-May-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TXN was recently trading at $117.84 and has an implied volatility of 19.27% for this period. Based on an analysis of the options available for TXN expiring on 3-May-2019, there is a 33.69% likelihood that the underlying will close within the analyzed range of $113.04-$117.86 at expiration. In this scenario, the average linear return for the trade would be 35.51%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, TEXAS INSTRUMENTS 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 TXN 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 TEXAS INSTRUMENTS closed at or below $118.11 on 3-May-2019. Based on our analysis, there is a 51.55% 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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Quantchabot has detected a promising Bull Put Spread trade opportunity for COSTCO WHOLESALE (COST) for the 24-May-2019 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

COST was recently trading at $247.34 and has an implied volatility of 13.28% for this period. Based on an analysis of the options available for COST expiring on 24-May-2019, there is a 34.14% likelihood that the underlying will close within the analyzed range of $247.86-$259.04 at expiration. In this scenario, the average linear return for the trade would be 57.62%.

52 week high: COSTCO WHOLESALE recently reached a new 52-week high at $247.38. COST had traded in the range $189.51-$247.25 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if COST maintains its current direction and does not revert back to pricing on the bearish side of $247.34 on 24-May-2019. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if COSTCO WHOLESALE closes at or above $247.10 on 24-May-2019. Based on our risk-neutral analysis, there is a 52.77% 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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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for B&G FOODS (BGS) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BGS was recently trading at $24.84 and has an implied volatility of 16.14% for this period. Based on an analysis of the options available for BGS expiring on 15-Jan-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $16.66-$40.78 at expiration. In this scenario, the average linear return for the trade would be 62.39%.

Upside potential: This synthetic long position offers the same potential benefits and liabilities as a long stock position, but at a discount due to the significant premium at-the-money puts are trading at over calls. In this case, the put position is opened at a strike of $25.00, which is already $0.16 in-the-money. However, its sale more than offsets this moneyness and the cost of the long call that the trade results in a net credit of of $2.75 per share. The final position can be considered as having a discount of $2.59 per share over the underlying price of $24.84 for a 10.43% total.

Downside risk: This discount is generally a sign of the stock facing considerable short pressure, and may indicate that the stock has become hard to borrow. However, if you have a long view of the underlying over this period, it could be a good opportunity to benefit from the upside at a major discount.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.