Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Synthetic Long Stock trade opportunity for ENLIVEX THERAPEUTICS LTD (ENLV) for the 20-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ENLV was recently trading at $17.30 and has an implied volatility of 125.90% for this period. Based on an analysis of the options available for ENLV expiring on 20-Aug-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $6.88-$43.60 at expiration. In this scenario, the average linear return for the trade would be 53.79%. Upside potential: This synthetic long position offers the same potential benefits and liabilities as a long stock position, but at a discount due to the significant premium at-the-money puts are trading at over calls. In this case, the put position is opened at a strike of $17.50, which is already $0.20 in-the-money. However, its sale more than offsets this moneyness and the cost of the long call that the trade results in a net credit of of $2.60 per share. The final position can be considered as having a discount of $2.40 per share over the underlying price of $17.30 for a 13.87% total. Downside risk: This discount is generally a sign of the stock facing considerable short pressure, and may indicate that the stock has become hard to borrow. However, if you have a long view of the underlying over this period, it could be a good opportunity to benefit from the upside at a major discount. To analyze this trade in depth, please visit the Quantcha Options Search Engine.