Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for ALDEYRA THERAPEUTICS INC. COM (ALDX) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ALDX was recently trading at $7.29 and has an implied volatility of 118.04% for this period. Based on an analysis of the options available for ALDX expiring on 15-Jan-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $7.29-$10.19 at expiration. In this scenario, the average linear return for the trade would be 17.89%. Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, ALDEYRA THERAPEUTICS INC. COM 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 ALDX on StockTwits appears to be moderately 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 ALDEYRA THERAPEUTICS INC. COM closed at or above $7.24 on 15-Jan-2021. Based on our analysis, there is a 50.83% 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.