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Quantchabot has detected a promising Bull Put Spread trade opportunity for SAREPTA THERAPEUTICS INC. COM (SRPT) for the 2-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
SRPT was recently trading at $84.04 and has an implied volatility of 59.19% for this period. Based on an analysis of the options available for SRPT expiring on 2-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $84.05-$103.56 at expiration. In this scenario, the average linear return for the trade would be 34.64%.
Big 11.86% Change: After closing the last trading session at $75.13, SAREPTA THERAPEUTICS INC. COM opened today at $79.27 and has reached a high of $84.99.
Trade approach: A movement as big as 11.86% is a significantly bullish indicator, so this trade is designed to be profitable if SRPT maintains its current direction and does not revert back to pricing on the bearish side of $84.04 on 2-Jul-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 SAREPTA THERAPEUTICS INC. COM closes at or above $82.70 on 2-Jul-2021. Based on our risk-neutral analysis, there is a 53.09% 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.