The automated Quantcha Trade Ideas Service has detected a promising
RUSL was recently trading at $86.18 and has an implied volatility of 74.55% for this period. Based on an analysis of the options available for RUSL expiring on 16-Jun-2017, there is a 68.27% likelihood that the underlying will close within the analyzed range of $58.13-$129.22 at expiration. In this scenario, the average linear return for the trade would be 10.64%.
Moneyness: These options are currently 62.46% out of the money and there is a 10.65% likelihood that these options will be exercised before or at expiration.
Most upside: If DIREXION DAILY RUSSIA BULL 3X closes at or above $129.22, this trade could return up to 52.61%. Based on our analysis, there is a 15.87% 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 47.67% chance the underlying will close at or below its breakeven price of $84.67, resulting in a net loss on the trade.
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This is an automated post generated based on a market analysis of delayed data at 2/28/2017 12:22:01 PM ET. The analysis does not include brokerage fees or commissions and is not investment advice.