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Quantchabot has detected a promising Bull Call Spread trade opportunity for ATLASSIAN CORPORATION PLC CLASS A ORDINARY SHARES (TEAM) for the 1-Jul-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
TEAM was recently trading at $181.56 and has an implied volatility of 73.63% for this period. Based on an analysis of the options available for TEAM expiring on 1-Jul-2022, there is a 34.18% likelihood that the underlying will close within the analyzed range of $181.71-$238.45 at expiration. In this scenario, the average linear return for the trade would be 11.42%.
Big 7.91% Change: After closing the last trading session at $168.24, ATLASSIAN CORPORATION PLC CLASS A ORDINARY SHARES opened today at $175.56 and has reached a high of $183.47.
Trade approach: A movement as big as 7.91% is a significantly bullish indicator, so this trade is designed to be profitable if TEAM maintains its current direction and does not revert back to pricing on the bearish side of $181.56 on 1-Jul-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 ATLASSIAN CORPORATION PLC CLASS A ORDINARY SHARES closes at or above $150.90 on 1-Jul-2022. Based on our risk-neutral analysis, there is a 75.32% 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.