52-Week High Alert: Trading today’s movement in BIONTECH SE $BNTX

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Quantchabot has detected a promising Bull Put Spread trade opportunity for BIONTECH SE (BNTX) for the 7-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BNTX was recently trading at $177.70 and has an implied volatility of 63.13% for this period. Based on an analysis of the options available for BNTX expiring on 7-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $177.70-$195.52 at expiration. In this scenario, the average linear return for the trade would be 19.41%.

52 week high: BIONTECH SE recently reached a new 52-week high at $184.73. BNTX had traded in the range $43.00-$177.65 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 BNTX maintains its current direction and does not revert back to pricing on the bearish side of $177.70 on 7-May-2021. 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 BIONTECH SE closes at or above $177.40 on 7-May-2021. Based on our risk-neutral analysis, there is a 50.72% 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.