Big Gainer Alert: Trading today’s 7.5% move 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 $202.41 and has an implied volatility of 92.07% 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 $202.41-$223.85 at expiration. In this scenario, the average linear return for the trade would be 49.23%.

Big 7.50% Change: After closing the last trading session at $188.28, BIONTECH SE opened today at $202.25 and has reached a high of $207.55.

Trade approach: A movement as big as 7.50% is a significantly 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 $202.41 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 $202.30 on 7-May-2021. Based on our risk-neutral analysis, there is a 50.22% 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.