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Quantchabot has detected a promising Covered Call trade opportunity for ACCOLADE INC. (ACCD) for the 17-Jun-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ACCD was recently trading at $6.42 and has an implied volatility of 121.43% for this period. Based on an analysis of the options available for ACCD expiring on 17-Jun-2022, there is a 34.18% likelihood that the underlying will close within the analyzed range of $6.42-$9.92 at expiration. In this scenario, the average linear return for the trade would be 21.49%.
Big 15.47% Change: After closing the last trading session at $5.56, ACCOLADE INC. opened today at $5.58 and has reached a high of $6.54.
Trade approach: A movement as big as 15.47% is a significantly bullish indicator, so this trade is designed to be profitable if ACCD maintains its current direction and does not revert back to pricing on the bearish side of $6.42 on 17-Jun-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 ACCOLADE INC. closes at or above $5.98 on 17-Jun-2022. Based on our risk-neutral analysis, there is a 56.55% 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.