Big Gainer Alert: Trading today’s 7.3% move in IOVANCE BIOTHERAPEUTICS INC. COMMON STOCK $IOVA

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Quantchabot has detected a promising Bull Put Spread trade opportunity for IOVANCE BIOTHERAPEUTICS INC. COMMON STOCK (IOVA) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

IOVA was recently trading at $34.81 and has an implied volatility of 120.24% for this period. Based on an analysis of the options available for IOVA expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $34.81-$38.35 at expiration. In this scenario, the average linear return for the trade would be 14.77%.

Big 7.31% Change: After closing the last trading session at $32.44, IOVANCE BIOTHERAPEUTICS INC. COMMON STOCK opened today at $32.92 and has reached a high of $35.20.

Trade approach: A movement as big as 7.31% is a significantly bullish indicator, so this trade is designed to be profitable if IOVA maintains its current direction and does not revert back to pricing on the bearish side of $34.81 on 16-Oct-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 IOVANCE BIOTHERAPEUTICS INC. COMMON STOCK closes at or above $34.35 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 55.47% 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.