52-Week High Alert: Trading today’s movement in TG THERAPEUTICS $TGTX

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Quantchabot has detected a promising Bull Put Spread trade opportunity for TG THERAPEUTICS (TGTX) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TGTX was recently trading at $21.57 and has an implied volatility of 58.35% for this period. Based on an analysis of the options available for TGTX expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $21.58-$27.13 at expiration. In this scenario, the average linear return for the trade would be 60.04%.

52 week high: TG THERAPEUTICS recently reached a new 52-week high at $21.83. TGTX had traded in the range $4.95-$21.59 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if TGTX maintains its current direction and does not revert back to pricing on the bearish side of $21.57 on 17-Jul-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 TG THERAPEUTICS closes at or above $21.35 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 51.86% 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.