Are Options Traders Betting on a Big Move in Syros (SYRS) Stock?

Investors in Syros Pharmaceuticals, Inc. SYRS need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 15, 2021 $7.50 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?

Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?

Clearly, options traders are pricing in a big move for Syros shares, but what is the fundamental picture for the company? Currently, Syros is a Zacks Rank #3 (Hold) in the Medical – Biomedical and Genetics industry that ranks in the Bottom 22% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimate for the current quarter, while four have dropped their estimates. The net effect has widened our Zacks Consensus Estimate for the current quarter from a loss of 38 cents per share to a loss of 43 cents in that period.

Given the way analysts feel about Syros right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Looking to Trade Options?

Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.

Click to see the trades now >>

Internet Explorer Channel Network
News Related

OTHER NEWS

After extending two icons and naming new manager, what's next for Cardinals?

The Cardinals have already gotten a jump on their offseason business, and with some money likely available to be spent, some major upgrades could be made to the 2022 roster. ... Read more »

Isaiah Hastings, Canada's Top Football Prospect, Places Alabama No. 1 After Official Visit

© Provided by Sports Illustrated Official visit to Tuscaloosa sets the bar for coveted defensive line recruit You never forget your first.  For Isaiah Hastings, the initial official visit of ... Read more »

Whole aubergines with saffron, black cardamom and date butter recipe

© Laura Edwards Whole aubergines with saffron, black cardamom and dates – Laura Edwards It might seem odd to serve butter with aubergines – our instinct is to pair it ... Read more »

Second person convicted under Hong Kong national security law

A second person on Monday was convicted for violating Hong Kong’s national security law for inciting secession after chanting pro-independence slogans in the city. © Getty Second person convicted under ... Read more »

I Fear That Elon Musk Has Become Even Richer

Japan’s largest steelmaker is suing Toyota, some Teslas cost more now, Ram has a big recall, and Elon Musk. All that and more in The Morning Shift for October 26, ... Read more »

October 26th

Greetings sports fans, it’s Chris Bengel leading you into another day of riveting sports action. Over the weekend, I came to the conclusion that Philadelphia sports fans just aren’t allowed ... Read more »

LeBron James discusses playing against son's former teammate Ziaire Williams: 'I had a moment for sure'

LeBron James has been in the NBA for a long time. He was reminded of that Monday during the Lakers’ 121-118 win over the Grizzlies. James played a game-high 40 ... Read more »

Grading NFL's next generation of quarterbacks: Tua Tagovailoa has best performance of the season

© Provided by CBS Sports Oct 10, 2019; Foxborough, MA, USA; New York Giants quarterback Daniel Jones (8) looks to pass against the New England Patriots during the first half ... Read more »

Islanders Anxiety - Episode 176 - Such a Quiet Freak

Dan interrupts Mike’s vacation to talk about Ilya Sorokin’s back-to-back shutouts, Zdeno Chara’s struggles and Josh Bailey’s miraculous Islanders tenure. They recap the skinny Sorokin’s blemish-free weekend, and enjoy the ... Read more »

Sudan coup organised to prevent war - top general

Sudan’s coup leader Gen Abdel Fattah al-Burhan has said the military seized power on Monday to prevent “civil war”. He added that the deposed Prime Minister Abdalla Hamdok was being ... Read more »

'Fox & Friends' hosts defend Dave Chappelle: 'They came for conservatives, and they're getting comedians'

© Slaven Vlasic/Getty Images; Chris Unger/Zuffa LLC via Getty Images (Left to right): ‘Fox & Friends’ hosts Ainsley Earhardt and Brian Kilmeade; comedian Dave Chappelle. Slaven Vlasic/Getty Images; Chris Unger/Zuffa ... Read more »

Making Breast Cancer Care More Inclusive

Most guidelines and data on breast cancer have come from studies of white women of European descent. © Time From left: Ricki Fairley, Lisa Edwards, Laura Esserman, Yvette Gullatt “I ... Read more »

Hisuian Zorua are deceased Unova Zorua reborn through hatred toward humans

Nintendo and The Pokémon Company released a new trailer today that provides more information about Hisuian Zorua and Zoroark, which will appear in January’s Pokémon Legends: Arceus game. © Provided ... Read more »

The Facebook Papers consortium is growing, and reporters are gaining access to more documents

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. © Rasit Aydogan/Anadolu Agency/Getty Images A Facebook logo in dark ... Read more »

The sinister reason why camels were brought to the American West

In the spring of 1851, Jefferson Davis, a U.S. senator and the future president of the Confederacy, proposed to import 50 African and Asian camels—“the ship of the desert,” he ... Read more »

Illinois Woman Accused of Suffocating Newborn, Placing Boy's Body in Plastic Bag and Burying Him in Backyard

© Provided by Law & Crime Alvory C. Chavez Ramos Alvory C. Chavez Ramos An Illinois woman was arrested over the weekend after authorities say she killed her newborn son ... Read more »

Head of Riot Music discusses the role Arcane's soundtrack will play in the League Netflix series

© Provided by Dot Esports Arcane will transport League of Legends fans directly into Runeterra with its soundtrack. Arcane is League’s official animated series arriving exclusively on Netflix on Nov. ... Read more »

Britney Spears shares a message to her family: 'I still want justice'

Britney Spears may be celebrating her 13-year conservatorship nearing its end, but the hurt caused by her family members seems to be far from gone. © Provided by Audacy Britney ... Read more »

Andrew McMahon Stares Down His Demons in New Memoir Three Pianos — and Finally Makes Peace

For as long as he can remember, Andrew McMahon‘s piano has been a confessional, a place for him to unpack life’s up and downs through a set of ivory keys. ... Read more »

How Chelsea's academy jewel Broja overcame hardship to impress on loan at Southampton

Chelsea have great hopes that Armando Broja can be one of the next big talents to emerge from their academy but have been watching on from afar as he makes ... Read more »

Man Utd ‘doing an Arsenal,' Spice Boys Mk II and more mails…

Keep your mails on the state of Man Utd, Arsenal, West Ham or anything else coming to theeditor@football365.com… © PA Images Arsenal fans hold up a banner calling for Arsene ... Read more »

Manchester United unlikely to fire Ole Gunnar Solskjaer before Tottenham match, board split over next steps

Ole Gunnar Solskjaer is likely to remain Manchester United manager for at least the upcoming clash with Tottenham Hotspur as the Red Devils agonize over which direction to take next. ... Read more »

He's bossed Messi, Neymar and Mbappe but what happens next for Arsenal loanee Saliba?

There were just under eight minutes remaining when Lionel Messi’s through ball looked to have sent Kylian Mbappe through on goal on Sunday night. With the game locked at 0-0, the ... Read more »

Prop master says he turned down job on 'Rust' because it was 'completely unsafe'

A veteran prop master on Tuesday said he turned down a job working on Alec Baldwin’s film “Rust” after determining the job would be “completely unsafe.” © Getty Prop master ... Read more »

Tuesday's deals: $27 in free Amazon credit, Philips Hue deals, Nest Thermostat, more

© Provided by BGR Amazon Deals We’re exactly one month away from Black Friday. Of course, you wouldn’t know it if you look at all the sales out there right ... Read more »

Rebel Wilson REFLECTS on her 'year of health' weight loss; Says she's proud of herself for improving her life

© Provided by Pinkvilla Rebel Wilson had declared 2020 as the year of health as she decided to focus on bettering her health and underwent a dramatic weight loss during ... Read more »

Knicks vs. 76ers odds, line, spread: 2021 NBA picks, Oct. 26 predictions from proven computer model

The Philadelphia 76ers travel to take on the the New York Knicks at Madison Square Garden in one of the marquee NBA matchups on Tuesday. Philadelphia is 2-1 this season, ... Read more »

Packers vs. Cardinals odds, spread: Thursday Night Football picks, predictions from NFL model on 126-85 run

The Arizona Cardinals (7-0) will look to stay undefeated when the Green Bay Packers (6-1) come into town on Thursday Night Football. The Cardinals extended their win streak after blowing ... Read more »

When He Struggled to Play With His Daughter, He Lost 110 Pounds Using the Couch to 5K App

Name: Mike Murphy © Courtesy Mike Murphy When Mike Murphy started running, he lost a total of 110 pounds over 14 months, and he has maintained that loss for a ... Read more »

Film room: How the Patriots fooled the Jets on their first touchdown of Week 7

The New England Patriots had yet to score 30 points in a game this season entering Week 7. They jumped over that mark in spectacular fashion against the New York ... Read more »

NFL Week 8 Rookie Power Rankings: Kyle Pitts has arrived, Jaylen Waddle continues to rise

A lot of rookies have stood out this season, including some who haven’t (yet) made the top 15. Bears running back Khalil Herbert has been fantastic in an expanded role without ... Read more »

A Bodybuilder Ate Brian Shaw's 9,700-Calorie Diet and It ‘Nearly Killed' Him

Strongman Brian Shaw recently revealed that he has been consuming 9,700 calories each day in preparation for the Rogue Invitational. “It’s going to be a lot of eating,” he said. ... Read more »

American completely revamps how you earn elite status with new ‘Loyalty Points'

© Provided by The Points Guy MSN has partnered with The Points Guy for our coverage of credit card products. MSN and The Points Guy may receive a commission from ... Read more »

Jerry Jones feels “very good” about Dak Prescott's availability this week

© Provided by NBC Sports Cowboys quarterback Dak Prescott hurt his calf at the end of the team’s Week Six win over the Patriots and he spent the bye week ... Read more »

Iranians Face Hours-Long Wait for Gas After Cyberattack Closes Most of Country's Stations

Long lines of cars formed outside gas stations in Iran on Tuesday after a cyberattack shut down pumps across the country, forcing motorists to wait hours for fuel, the Associated ... Read more »

Dietitian shares ‘prescription for all diseases of body and mind'

© Provided by The Indian Express It needs no retelling that regularly following healthy habits and having a positive attitude contributes to good health. But despite knowing about the same, ... Read more »

CDC adds Ukraine to 'very high' risk travel advisory list

The Centers of Disease Control and Prevention (CDC) added Ukraine to its “very high” risk level for its travel advisory list on Monday as the country struggles with a surge ... Read more »

4 Tips to Maintain Healthy and Glowing Nail Hygiene During Covid-19

© KS Swati | India.com Lifestyle Staff 4 Tips to Maintain Healthy and Glowing Nail Hygiene During Covid-19. Picture Credits: IANS Nail hygiene is an important index of well-being for ... Read more »

US travel rules: Here's what travelers need to know

The United States’ new international travel policies are just weeks away from going into effect. © Alex Wong/Getty Images Travelers pass through the concourse at Ronald Reagan Washington National Airport ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic