Quantcha now offering unlimited commission-free options trading.
Quantchabot has detected a promising Bull Put Spread trade opportunity for ALNYLAM PHARMACEUTICALS (ALNY) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ALNY was recently trading at $209.59 and has an implied volatility of 51.51% for this period. Based on an analysis of the options available for ALNY expiring on 15-Oct-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $209.59-$216.06 at expiration. In this scenario, the average linear return for the trade would be 11.53%.
52 week high: ALNYLAM PHARMACEUTICALS recently reached a new 52-week high at $212.00. ALNY had traded in the range $119.29-$209.72 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 ALNY maintains its current direction and does not revert back to pricing on the bearish side of $209.59 on 15-Oct-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 ALNYLAM PHARMACEUTICALS closes at or above $208.95 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 54.01% 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.