Big Gainer Alert: Trading today’s 7.5% move in DOORDASH INC $DASH

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Quantchabot has detected a promising Bull Call Spread trade opportunity for DOORDASH INC (DASH) for the 18-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DASH was recently trading at $143.51 and has an implied volatility of 66.89% for this period. Based on an analysis of the options available for DASH expiring on 18-Feb-2022, there is a 34.13% likelihood that the underlying will close within the analyzed range of $143.52-$178.23 at expiration. In this scenario, the average linear return for the trade would be 79.55%.

Big 7.54% Change: After closing the last trading session at $133.45, DOORDASH INC opened today at $133.56 and has reached a high of $143.74.

Trade approach: A movement as big as 7.54% is a significantly bullish indicator, so this trade is designed to be profitable if DASH maintains its current direction and does not revert back to pricing on the bearish side of $143.51 on 18-Feb-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 DOORDASH INC closes at or above $142.90 on 18-Feb-2022. Based on our risk-neutral analysis, there is a 50.79% 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.