Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for GOLDEN OCEAN GROUP (GOGL) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GOGL was recently trading at $5.42 and has an implied volatility of 65.77% for this period. Based on an analysis of the options available for GOGL expiring on 19-Feb-2021, there is a 34.11% likelihood that the underlying will close within the analyzed range of $4.36-$5.42 at expiration. In this scenario, the average linear return for the trade would be 18.74%. Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, GOLDEN OCEAN GROUP 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 GOGL on StockTwits appears to be significantly negative, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bearish strategy could prove effective if the sentiment ultimately turns out to drive trading. Upside potential: Using this bearish strategy, the trade would be profitable if GOLDEN OCEAN GROUP closed at or below $5.57 on 19-Feb-2021. Based on our analysis, there is a 54.97% 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.