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Quantchabot has detected a promising Bull Put Spread trade opportunity for CRISPR THERAPEUTICS AG COMMON SHARES (CRSP) for the 23-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CRSP was recently trading at $108.50 and has an implied volatility of 59.21% for this period. Based on an analysis of the options available for CRSP expiring on 23-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $108.50-$118.02 at expiration. In this scenario, the average linear return for the trade would be 36.04%.
Big 8.61% Change: After closing the last trading session at $99.89, CRISPR THERAPEUTICS AG COMMON SHARES opened today at $101.01 and has reached a high of $109.30.
Trade approach: A movement as big as 8.61% is a significantly bullish indicator, so this trade is designed to be profitable if CRSP maintains its current direction and does not revert back to pricing on the bearish side of $108.50 on 23-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 CRISPR THERAPEUTICS AG COMMON SHARES closes at or above $108.35 on 23-Oct-2020. Based on our risk-neutral analysis, there is a 50.65% 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.