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StockTwits Trending Alert: Trading recent interest in UNITED STATES BRENT OIL

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Quantchabot has detected a promising Covered Call trade opportunity for UNITED STATES BRENT OIL (BNO) for the 15-May-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BNO was recently trading at $7.99 and has an implied volatility of 112.95% for this period. Based on an analysis of the options available for BNO expiring on 15-May-2020, there is a 61.80% likelihood that the underlying will close within the analyzed range of $6.40-$10.71 at expiration. In this scenario, the average linear return for the trade would be 181.69%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, UNITED STATES BRENT OIL 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 BNO 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 the underlying closes within the analyzed range on 15-May-2020.

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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