Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for TIMKENSTEEL CORP (TMST) for the 18-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TMST was recently trading at $4.15 and has an implied volatility of 99.93% for this period. Based on an analysis of the options available for TMST expiring on 18-Dec-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $4.15-$5.93 at expiration. In this scenario, the average linear return for the trade would be 17.46%. Big 7.24% Change: After closing the last trading session at $3.87, TIMKENSTEEL CORP opened today at $4.01 and has reached a high of $4.18. Trade approach: A movement as big as 7.24% is a significantly bullish indicator, so this trade is designed to be profitable if TMST maintains its current direction and does not revert back to pricing on the bearish side of $4.15 on 18-Dec-2020. 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 TIMKENSTEEL CORP closes at or above $4.03 on 18-Dec-2020. Based on our risk-neutral analysis, there is a 53.30% 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.