Big Gainer Alert: Trading today’s 7.1% move in COUER MINING INC $CDE

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Quantchabot has detected a promising Bull Call Spread trade opportunity for COUER MINING INC (CDE) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CDE was recently trading at $8.65 and has an implied volatility of 59.99% for this period. Based on an analysis of the options available for CDE expiring on 18-Jun-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $8.65-$10.71 at expiration. In this scenario, the average linear return for the trade would be 74.59%.

Big 7.05% Change: After closing the last trading session at $8.08, COUER MINING INC opened today at $8.33 and has reached a high of $8.82.

Trade approach: A movement as big as 7.05% is a significantly bullish indicator, so this trade is designed to be profitable if CDE maintains its current direction and does not revert back to pricing on the bearish side of $8.65 on 18-Jun-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 COUER MINING INC closes at or above $8.55 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 52.19% 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.