Synthetic Long Discount Alert: PROPERTY SOLUTIONS ACQUISITION CORP. COMMON STOCK $PSAC trading at a 13.51% discount for the 21-Jan-2022 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for PROPERTY SOLUTIONS ACQUISITION CORP. COMMON STOCK (PSAC) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PSAC was recently trading at $11.62 and has an implied volatility of 74.52% for this period. Based on an analysis of the options available for PSAC expiring on 21-Jan-2022, there is a 68.27% likelihood that the underlying will close within the analyzed range of $6.18-$21.92 at expiration. In this scenario, the average linear return for the trade would be 55.47%.

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 $12.50, which is already $0.88 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 $2.45 per share. The final position can be considered as having a discount of $1.57 per share over the underlying price of $11.62 for a 13.51% 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.

Covered Call Alert: REVANCE THERAPEUTICS INC. COM $RVNC returning up to 16.82% through 15-Oct-2021

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Quantchabot has detected a promising Covered Call trade opportunity for REVANCE THERAPEUTICS INC. COM (RVNC) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

RVNC was recently trading at $29.19 and has an implied volatility of 78.02% for this period. Based on an analysis of the options available for RVNC expiring on 15-Oct-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $17.28-$49.39 at expiration. In this scenario, the average linear return for the trade would be 10.76%.

Moneyness: These options are currently 13.85% in the money and there is a 60.34% likelihood that these options will be exercised before or at expiration.

Most upside: If REVANCE THERAPEUTICS INC. COM closes at or above $25.00, this trade could return up to 16.82%. Based on our analysis, there is a 61.66% 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 27.67% chance the underlying will close at or below its breakeven price of $21.40, 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 HOME DEPOT $HD

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Quantchabot has detected a promising Bull Put Spread trade opportunity for HOME DEPOT (HD) for the 14-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HD was recently trading at $329.62 and has an implied volatility of 19.12% for this period. Based on an analysis of the options available for HD expiring on 14-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $329.63-$340.96 at expiration. In this scenario, the average linear return for the trade would be 61.90%.

52 week high: HOME DEPOT recently reached a new 52-week high at $330.69. HD had traded in the range $215.21-$328.83 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 HD maintains its current direction and does not revert back to pricing on the bearish side of $329.62 on 14-May-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 HOME DEPOT closes at or above $329.36 on 14-May-2021. Based on our risk-neutral analysis, there is a 50.97% 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.

Big Gainer Alert: Trading today’s 7.4% move in PBF ENERGY $PBF

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Quantchabot has detected a promising Bull Put Spread trade opportunity for PBF ENERGY (PBF) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PBF was recently trading at $15.22 and has an implied volatility of 76.67% for this period. Based on an analysis of the options available for PBF expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $15.23-$20.01 at expiration. In this scenario, the average linear return for the trade would be 70.14%.

Big 7.37% Change: After closing the last trading session at $14.18, PBF ENERGY opened today at $14.62 and has reached a high of $15.35.

Trade approach: A movement as big as 7.37% is a significantly bullish indicator, so this trade is designed to be profitable if PBF maintains its current direction and does not revert back to pricing on the bearish side of $15.22 on 18-Jun-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 PBF ENERGY closes at or above $15.10 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 51.22% 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.

Synthetic Long Discount Alert: LUCKIN COFFEE INC AMERICAN DEPOSITARY SHARES – SPO $LKNCY trading at a 12.63% discount for the 21-Jan-2022 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for LUCKIN COFFEE INC AMERICAN DEPOSITARY SHARES – SPO (LKNCY) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

LKNCY was recently trading at $7.92 and has an implied volatility of 134.73% for this period. Based on an analysis of the options available for LKNCY expiring on 21-Jan-2022, there is a 68.27% likelihood that the underlying will close within the analyzed range of $2.53-$24.91 at expiration. In this scenario, the average linear return for the trade would be 57.24%.

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 $8.00, which is already $0.08 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 $1.08 per share. The final position can be considered as having a discount of $1.00 per share over the underlying price of $7.92 for a 12.63% 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.

Covered Call Alert: DIREXION DAILY S&P500 BEAR 3X $SPXS returning up to 50.06% through 15-Oct-2021

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Quantchabot has detected a promising Covered Call trade opportunity for DIREXION DAILY S&P500 BEAR 3X (SPXS) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SPXS was recently trading at $26.28 and has an implied volatility of 58.67% for this period. Based on an analysis of the options available for SPXS expiring on 15-Oct-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $17.72-$39.04 at expiration. In this scenario, the average linear return for the trade would be 11.39%.

Moneyness: These options are currently 36.96% out of the money and there is a 26.38% likelihood that these options will be exercised before or at expiration.

Most upside: If DIREXION DAILY S&P500 BEAR 3X closes at or above $36.00, this trade could return up to 50.06%. Based on our analysis, there is a 21.34% 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 40.78% chance the underlying will close at or below its breakeven price of $23.99, 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.

Big Gainer Alert: Trading today’s 8.7% move in MOHAWK INDUSTRIES $MHK

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Quantchabot has detected a promising Bull Put Spread trade opportunity for MOHAWK INDUSTRIES (MHK) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MHK was recently trading at $223.34 and has an implied volatility of 34.03% for this period. Based on an analysis of the options available for MHK expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $223.37-$252.18 at expiration. In this scenario, the average linear return for the trade would be 72.98%.

Big 8.68% Change: After closing the last trading session at $205.50, MOHAWK INDUSTRIES opened today at $212.21 and has reached a high of $227.45.

Trade approach: A movement as big as 8.68% is a significantly bullish indicator, so this trade is designed to be profitable if MHK maintains its current direction and does not revert back to pricing on the bearish side of $223.34 on 18-Jun-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 MOHAWK INDUSTRIES closes at or above $221.00 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 53.50% 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: 180 LIFE SCIENCES CORP $ATNF trading at a 17.19% discount for the 21-Jan-2022 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for 180 LIFE SCIENCES CORP (ATNF) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ATNF was recently trading at $9.54 and has an implied volatility of 106.51% for this period. Based on an analysis of the options available for ATNF expiring on 21-Jan-2022, there is a 68.27% likelihood that the underlying will close within the analyzed range of $3.87-$23.61 at expiration. In this scenario, the average linear return for the trade would be 66.41%.

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 $10.00, which is already $0.46 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 $2.10 per share. The final position can be considered as having a discount of $1.64 per share over the underlying price of $9.54 for a 17.19% 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.

52-Week High Alert: Trading today’s movement in UNITEDHEALTH GROUP $UNH

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Quantchabot has detected a promising Bull Put Spread trade opportunity for UNITEDHEALTH GROUP (UNH) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

UNH was recently trading at $403.07 and has an implied volatility of 20.36% for this period. Based on an analysis of the options available for UNH expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $403.12-$433.47 at expiration. In this scenario, the average linear return for the trade would be 64.72%.

52 week high: UNITEDHEALTH GROUP recently reached a new 52-week high at $403.50. UNH had traded in the range $273.71-$402.16 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 UNH maintains its current direction and does not revert back to pricing on the bearish side of $403.07 on 18-Jun-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 UNITEDHEALTH GROUP closes at or above $401.55 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 52.15% 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.

Covered Call Alert: IMMUNOVANT INC $IMVT returning up to 54.53% through 15-Oct-2021

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Quantchabot has detected a promising Covered Call trade opportunity for IMMUNOVANT INC (IMVT) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

IMVT was recently trading at $16.53 and has an implied volatility of 97.25% for this period. Based on an analysis of the options available for IMVT expiring on 15-Oct-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $8.60-$31.84 at expiration. In this scenario, the average linear return for the trade would be 13.93%.

Moneyness: These options are currently 36.12% out of the money and there is a 30.42% likelihood that these options will be exercised before or at expiration.

Most upside: If IMMUNOVANT INC closes at or above $22.50, this trade could return up to 54.53%. Based on our analysis, there is a 31.93% 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 42.27% chance the underlying will close at or below its breakeven price of $14.56, 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.