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Quantchabot has detected a promising Bull Call Spread trade opportunity for OCUGEN INC (OCGN) for the 29-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
OCGN was recently trading at $10.14 and has an implied volatility of 229.71% for this period. Based on an analysis of the options available for OCGN expiring on 29-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $10.14-$16.24 at expiration. In this scenario, the average linear return for the trade would be 146.76%.
Big 9.87% Change: After closing the last trading session at $9.23, OCUGEN INC opened today at $8.90 and has reached a high of $10.18.
Trade approach: A movement as big as 9.87% is a significantly bullish indicator, so this trade is designed to be profitable if OCGN maintains its current direction and does not revert back to pricing on the bearish side of $10.14 on 29-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 OCUGEN INC closes at or above $10.09 on 29-Oct-2021. Based on our risk-neutral analysis, there is a 50.43% 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.