Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for ANNALY CAPITAL (NLY) for the 24-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NLY was recently trading at $5.46 and has an implied volatility of 120.31% for this period. Based on an analysis of the options available for NLY expiring on 24-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.46-$7.05 at expiration. In this scenario, the average linear return for the trade would be 12.46%. Big 22.70% Change: After closing the last trading session at $4.45, ANNALY CAPITAL opened today at $5.58 and has reached a high of $5.61. Trade approach: A movement as big as 22.70% is a significantly bullish indicator, so this trade is designed to be profitable if NLY maintains its current direction and does not revert back to pricing on the bearish side of $5.46 on 24-Apr-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 ANNALY CAPITAL closes at or above $5.23 on 24-Apr-2020. Based on our risk-neutral analysis, there is a 56.77% 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.