Big Gainer Alert: Trading today’s 7.9% move in PRECIGEN INC. COMMON STOCK $PGEN

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Quantchabot has detected a promising Long Risk Reversal trade opportunity for PRECIGEN INC. COMMON STOCK (PGEN) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PGEN was recently trading at $3.92 and has an implied volatility of 99.49% for this period. Based on an analysis of the options available for PGEN expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.92-$5.83 at expiration. In this scenario, the average linear return for the trade would be 80.49%.

Big 7.85% Change: After closing the last trading session at $3.63, PRECIGEN INC. COMMON STOCK opened today at $3.88 and has reached a high of $3.97.

Trade approach: A movement as big as 7.85% is a significantly bullish indicator, so this trade is designed to be profitable if PGEN maintains its current direction and does not revert back to pricing on the bearish side of $3.92 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 PRECIGEN INC. COMMON STOCK closes at or above $3.85 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 51.69% 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.