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StockTwits Trending Alert: Trading recent interest in ALPHABET INC CLASS C

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Quantchabot has detected a promising Bear Call Spread trade opportunity for ALPHABET INC CLASS C (GOOG) for the 6-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

GOOG was recently trading at $2,735.93 and has an implied volatility of 32.44% for this period. Based on an analysis of the options available for GOOG expiring on 6-Aug-2021, there is a 34.12% likelihood that the underlying will close within the analyzed range of $2,593.19-$2,735.93 at expiration. In this scenario, the average linear return for the trade would be 63.58%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, ALPHABET INC CLASS C 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 GOOG 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 ALPHABET INC CLASS C closed at or below $2,749.50 on 6-Aug-2021. Based on our analysis, there is a 53.66% 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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