Big Gainer Alert: Trading today’s 7.6% move in MARQETA INC. CLASS A COMMON STOCK $MQ

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Quantchabot has detected a promising Bull Put Spread trade opportunity for MARQETA INC. CLASS A COMMON STOCK (MQ) for the 17-Dec-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MQ was recently trading at $22.03 and has an implied volatility of 101.93% for this period. Based on an analysis of the options available for MQ expiring on 17-Dec-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $22.03-$28.51 at expiration. In this scenario, the average linear return for the trade would be 83.29%.

Big 7.62% Change: After closing the last trading session at $20.47, MARQETA INC. CLASS A COMMON STOCK opened today at $20.29 and has reached a high of $22.11.

Trade approach: A movement as big as 7.62% is a significantly bullish indicator, so this trade is designed to be profitable if MQ maintains its current direction and does not revert back to pricing on the bearish side of $22.03 on 17-Dec-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 MARQETA INC. CLASS A COMMON STOCK closes at or above $21.35 on 17-Dec-2021. Based on our risk-neutral analysis, there is a 54.85% 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.