Big Gainer Alert: Trading today’s 10.1% move in ONECONNECT FINANCIAL TECHNOLOGY CO INC $OCFT

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Quantchabot has detected a promising Covered Call trade opportunity for ONECONNECT FINANCIAL TECHNOLOGY CO INC (OCFT) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

OCFT was recently trading at $2.61 and has an implied volatility of 118.05% for this period. Based on an analysis of the options available for OCFT expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $2.61-$4.18 at expiration. In this scenario, the average linear return for the trade would be 27.64%.

Big 10.07% Change: After closing the last trading session at $2.37, ONECONNECT FINANCIAL TECHNOLOGY CO INC opened today at $2.49 and has reached a high of $2.67.

Trade approach: A movement as big as 10.07% is a significantly bullish indicator, so this trade is designed to be profitable if OCFT maintains its current direction and does not revert back to pricing on the bearish side of $2.61 on 21-Jan-2022. 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 ONECONNECT FINANCIAL TECHNOLOGY CO INC closes at or above $2.56 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 51.60% 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.