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Quantchabot has detected a promising Bear Call Spread trade opportunity for AMETEK (AME) for the 17-Jun-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

AME was recently trading at $117.64 and has an implied volatility of 28.95% for this period. Based on an analysis of the options available for AME expiring on 17-Jun-2022, there is a 34.20% likelihood that the underlying will close within the analyzed range of $108.02-$117.48 at expiration. In this scenario, the average linear return for the trade would be 38.48%.

52 week low: AMETEK recently reached a new 52-week low at $117.43. AME had traded in the range $118.28-$148.07 over the past year.

Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if AME maintains its current direction and does not revert back to pricing on the bullish side of $117.64 on 17-Jun-2022. 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 AMETEK closes at or below $117.90 on 17-Jun-2022. Based on our risk-neutral analysis, there is a 51.70% 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 ADVANCE AUTO PARTS (AAP) for the 20-May-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

AAP was recently trading at $196.70 and has an implied volatility of 43.37% for this period. Based on an analysis of the options available for AAP expiring on 20-May-2022, there is a 34.93% likelihood that the underlying will close within the analyzed range of $189.55-$196.71 at expiration. In this scenario, the average linear return for the trade would be 27.11%.

Big -9.04% Change: After closing the last trading session at $216.26, ADVANCE AUTO PARTS opened today at $212.86 and has reached a low of $195.29.

Trade approach: A movement as big as -9.04% is a significantly bearish indicator, so this trade is designed to be profitable if AAP maintains its current direction and does not revert back to pricing on the bullish side of $196.70 on 20-May-2022. 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 ADVANCE AUTO PARTS closes at or below $196.95 on 20-May-2022. Based on our risk-neutral analysis, there is a 51.37% 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 OLD DOMINION FREIGHT LNS (ODFL) for the 15-Jul-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ODFL was recently trading at $244.54 and has an implied volatility of 43.76% for this period. Based on an analysis of the options available for ODFL expiring on 15-Jul-2022, there is a 34.17% likelihood that the underlying will close within the analyzed range of $205.39-$244.78 at expiration. In this scenario, the average linear return for the trade would be 35.43%.

52 week low: OLD DOMINION FREIGHT LNS recently reached a new 52-week low at $244.54. ODFL had traded in the range $245.56-$373.58 over the past year.

Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if ODFL maintains its current direction and does not revert back to pricing on the bullish side of $244.54 on 15-Jul-2022. 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 OLD DOMINION FREIGHT LNS closes at or below $245.30 on 15-Jul-2022. Based on our risk-neutral analysis, there is a 50.48% 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 AUTOZONE (AZO) for the 20-May-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

AZO was recently trading at $1,850.28 and has an implied volatility of 51.88% for this period. Based on an analysis of the options available for AZO expiring on 20-May-2022, there is a 34.92% likelihood that the underlying will close within the analyzed range of $1,770.11-$1,850.36 at expiration. In this scenario, the average linear return for the trade would be 23.07%.

Big -8.94% Change: After closing the last trading session at $2,031.87, AUTOZONE opened today at $2,002.61 and has reached a low of $1,850.05.

Trade approach: A movement as big as -8.94% is a significantly bearish indicator, so this trade is designed to be profitable if AZO maintains its current direction and does not revert back to pricing on the bullish side of $1,850.28 on 20-May-2022. 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 AUTOZONE closes at or below $1,851.05 on 20-May-2022. 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 VMWARE (VMW) for the 20-May-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

VMW was recently trading at $96.50 and has an implied volatility of 38.44% for this period. Based on an analysis of the options available for VMW expiring on 20-May-2022, there is a 34.92% likelihood that the underlying will close within the analyzed range of $93.39-$96.50 at expiration. In this scenario, the average linear return for the trade would be 32.31%.

52 week low: VMWARE recently reached a new 52-week low at $96.06. VMW had traded in the range $96.58-$137.67 over the past year.

Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if VMW maintains its current direction and does not revert back to pricing on the bullish side of $96.50 on 20-May-2022. 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 VMWARE closes at or below $96.55 on 20-May-2022. Based on our risk-neutral analysis, there is a 50.60% 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.

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Quantchabot has detected a promising Covered Put trade opportunity for DLOCAL LIMITED CLASS A COMMON SHARES (DLO) for the 19-Jan-2024 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DLO was recently trading at $24.57 and has an implied volatility of 80.44% for this period. Based on an analysis of the options available for DLO expiring on 19-Jan-2024, there is a 32.74% likelihood that the underlying will close within the analyzed range of $9.00-$24.57 at expiration. In this scenario, the average linear return for the trade would be 979.53%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, DLOCAL LIMITED CLASS A COMMON SHARES 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 DLO 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 DLOCAL LIMITED CLASS A COMMON SHARES closed at or below $36.22 on 19-Jan-2024. Based on our analysis, there is a 63.22% 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 STAR BULK CARRIERS (SBLK) for the 19-Jan-2024 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SBLK was recently trading at $30.97 and has an implied volatility of 62.48% for this period. Based on an analysis of the options available for SBLK expiring on 19-Jan-2024, there is a 68.28% likelihood that the underlying will close within the analyzed range of $14.31-$72.13 at expiration. In this scenario, the average linear return for the trade would be 59.08%.

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 $30.00, which is already $0.97 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 $2.40 per share. The final position can be considered as having a discount of $3.37 per share over the underlying price of $30.97 for a 10.88% 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 Covered Call trade opportunity for COTY INC (COTY) for the 18-Nov-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

COTY was recently trading at $6.45 and has an implied volatility of 63.99% for this period. Based on an analysis of the options available for COTY expiring on 18-Nov-2022, there is a 68.29% likelihood that the underlying will close within the analyzed range of $4.12-$10.25 at expiration. In this scenario, the average linear return for the trade would be 10.02%.

Moneyness: These options are currently 23.93% out of the money and there is a 31.96% likelihood that these options will be exercised before or at expiration.

Most upside: If COTY INC closes at or above $8.00, this trade could return up to 36.29%. Based on our analysis, there is a 32.43% 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 41.11% chance the underlying will close at or below its breakeven price of $5.87, 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 ZIM INTEGRATED SHIPPING SERVICES LTD (ZIM) for the 19-Jan-2024 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ZIM was recently trading at $62.40 and has an implied volatility of 62.31% for this period. Based on an analysis of the options available for ZIM expiring on 19-Jan-2024, there is a 68.28% likelihood that the underlying will close within the analyzed range of $28.89-$145.00 at expiration. In this scenario, the average linear return for the trade would be 60.88%.

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 $60.00, which is already $2.40 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 $4.20 per share. The final position can be considered as having a discount of $6.60 per share over the underlying price of $62.40 for a 10.58% 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 Long Risk Reversal trade opportunity for TOLL BROTHERS (TOL) for the 19-Jan-2024 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TOL was recently trading at $47.05 and has an implied volatility of 43.38% for this period. Based on an analysis of the options available for TOL expiring on 19-Jan-2024, there is a 36.81% likelihood that the underlying will close within the analyzed range of $47.00-$85.58 at expiration. In this scenario, the average linear return for the trade would be 134.12%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, TOLL BROTHERS 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 TOL 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 TOLL BROTHERS closed at or above $46.50 on 19-Jan-2024. Based on our analysis, there is a 53.43% 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.