52-Week High Alert: Trading today’s movement in ALPHABET INC CLASS C $GOOG

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Quantchabot has detected a promising Bull Put Spread trade opportunity for ALPHABET INC CLASS C (GOOG) for the 23-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

GOOG was recently trading at $2,198.75 and has an implied volatility of 23.73% for this period. Based on an analysis of the options available for GOOG expiring on 23-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $2,198.87-$2,319.19 at expiration. In this scenario, the average linear return for the trade would be 76.54%.

52 week high: ALPHABET INC CLASS C recently reached a new 52-week high at $2,199.95. GOOG had traded in the range $1,079.81-$2,152.68 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 GOOG maintains its current direction and does not revert back to pricing on the bearish side of $2,198.75 on 23-Apr-2021. 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 ALPHABET INC CLASS C closes at or above $2,197.00 on 23-Apr-2021. Based on our risk-neutral analysis, there is a 50.64% 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.

Synthetic Long Discount Alert: SPI ENERGY CO. LTD. AMERICAN DEPOSITARY SHARES $SPI trading at a 15.66% discount for the 20-Jan-2023 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for SPI ENERGY CO. LTD. AMERICAN DEPOSITARY SHARES (SPI) for the 20-Jan-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SPI was recently trading at $7.53 and has an implied volatility of 107.00% for this period. Based on an analysis of the options available for SPI expiring on 20-Jan-2023, there is a 68.27% likelihood that the underlying will close within the analyzed range of $1.80-$31.74 at expiration. In this scenario, the average linear return for the trade would be 86.80%.

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 $7.50, which is already $0.03 in the money. An out-of-the-money put at the same strike is sold to finance the call, resulting in a net credit of $1.15 per share. The final position can be considered as having a discount of $1.18 per share over the underlying price of $7.53 for a 15.66% 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.

Big Gainer Alert: Trading today’s 7.3% move in BROOKS AUTOMATION $BRKS

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Quantchabot has detected a promising Bull Call Spread trade opportunity for BROOKS AUTOMATION (BRKS) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BRKS was recently trading at $97.27 and has an implied volatility of 59.78% for this period. Based on an analysis of the options available for BRKS expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $97.27-$108.10 at expiration. In this scenario, the average linear return for the trade would be 31.53%.

Big 7.31% Change: After closing the last trading session at $90.64, BROOKS AUTOMATION opened today at $93.42 and has reached a high of $97.80.

Trade approach: A movement as big as 7.31% is a significantly bullish indicator, so this trade is designed to be profitable if BRKS maintains its current direction and does not revert back to pricing on the bearish side of $97.27 on 16-Apr-2021. 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 BROOKS AUTOMATION closes at or above $94.50 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 60.77% 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.

Covered Call Alert: CARA THERAPEUTICS INC. COMMON $CARA returning up to 17.30% through 20-Aug-2021

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Quantchabot has detected a promising Covered Call trade opportunity for CARA THERAPEUTICS INC. COMMON (CARA) for the 20-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CARA was recently trading at $22.25 and has an implied volatility of 78.25% for this period. Based on an analysis of the options available for CARA expiring on 20-Aug-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $13.78-$35.99 at expiration. In this scenario, the average linear return for the trade would be 10.46%.

Moneyness: These options are currently 9.95% in the money and there is a 58.11% likelihood that these options will be exercised before or at expiration.

Most upside: If CARA THERAPEUTICS INC. COMMON closes at or above $20.00, this trade could return up to 17.30%. Based on our analysis, there is a 58.85% 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 28.91% chance the underlying will close at or below its breakeven price of $17.05, 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.

52-Week High Alert: Trading today’s movement in MICROSOFT $MSFT

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Quantchabot has detected a promising Bull Call Spread trade opportunity for MICROSOFT (MSFT) for the 23-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MSFT was recently trading at $248.19 and has an implied volatility of 22.46% for this period. Based on an analysis of the options available for MSFT expiring on 23-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $248.20-$261.04 at expiration. In this scenario, the average linear return for the trade would be 70.72%.

52 week high: MICROSOFT recently reached a new 52-week high at $248.27. MSFT had traded in the range $150.36-$246.13 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 MSFT maintains its current direction and does not revert back to pricing on the bearish side of $248.19 on 23-Apr-2021. 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 MICROSOFT closes at or above $247.85 on 23-Apr-2021. Based on our risk-neutral analysis, there is a 51.13% 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.

StockTwits Trending Alert: Trading recent interest in CHEESECAKE FACTORY $CAKE

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Quantchabot has detected a promising Bear Call Spread trade opportunity for CHEESECAKE FACTORY (CAKE) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CAKE was recently trading at $59.08 and has an implied volatility of 54.92% for this period. Based on an analysis of the options available for CAKE expiring on 16-Apr-2021, there is a 38.67% likelihood that the underlying will close within the analyzed range of $53.61-$59.74 at expiration. In this scenario, the average linear return for the trade would be 28.21%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, CHEESECAKE FACTORY 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 CAKE 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 CHEESECAKE FACTORY closed at or below $61.10 on 16-Apr-2021. Based on our analysis, there is a 63.52% 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.

StockTwits Trending Alert: Trading recent interest in LEAF GROUP LTD $LEAF

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Quantchabot has detected a promising Bull Call Spread trade opportunity for LEAF GROUP LTD (LEAF) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

LEAF was recently trading at $7.03 and has an implied volatility of 123.71% for this period. Based on an analysis of the options available for LEAF expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $7.03-$8.76 at expiration. In this scenario, the average linear return for the trade would be 75.10%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, LEAF GROUP LTD 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 LEAF 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 LEAF GROUP LTD closed at or above $6.95 on 16-Apr-2021. Based on our analysis, there is a 52.09% 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.

StockTwits Trending Alert: Trading recent interest in CORNING $GLW

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Quantchabot has detected a promising Bear Put Spread trade opportunity for CORNING (GLW) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

GLW was recently trading at $43.99 and has an implied volatility of 27.98% for this period. Based on an analysis of the options available for GLW expiring on 16-Apr-2021, there is a 34.11% likelihood that the underlying will close within the analyzed range of $41.86-$43.99 at expiration. In this scenario, the average linear return for the trade would be 57.53%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, CORNING 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 GLW 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 CORNING closed at or below $44.09 on 16-Apr-2021. Based on our analysis, there is a 51.80% 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.

StockTwits Trending Alert: Trading recent interest in CLEVELAND-CLIFFS INC $CLF

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Quantchabot has detected a promising Bull Put Spread trade opportunity for CLEVELAND-CLIFFS INC (CLF) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CLF was recently trading at $19.42 and has an implied volatility of 70.63% for this period. Based on an analysis of the options available for CLF expiring on 16-Apr-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $19.42-$22.01 at expiration. In this scenario, the average linear return for the trade would be 72.81%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, CLEVELAND-CLIFFS 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 CLF 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 CLEVELAND-CLIFFS INC closed at or above $19.32 on 16-Apr-2021. Based on our analysis, there is a 51.65% 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.

StockTwits Trending Alert: Trading recent interest in PIONEER NATURAL RESOURCES $PXD

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Quantchabot has detected a promising Bear Call Spread trade opportunity for PIONEER NATURAL RESOURCES (PXD) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PXD was recently trading at $164.60 and has an implied volatility of 38.86% for this period. Based on an analysis of the options available for PXD expiring on 16-Apr-2021, there is a 34.11% likelihood that the underlying will close within the analyzed range of $153.60-$164.60 at expiration. In this scenario, the average linear return for the trade would be 56.20%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, PIONEER NATURAL RESOURCES 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 PXD 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 PIONEER NATURAL RESOURCES closed at or below $165.35 on 16-Apr-2021. Based on our analysis, there is a 52.60% 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.