52-Week High Alert: Trading today’s movement in BIOXCEL THERAPEUTICS INC. COMMON STOCK $BTAI

Quantchabot has detected a promising Bull Call Spread trade opportunity for BIOXCEL THERAPEUTICS INC. COMMON STOCK (BTAI) for the 17-Feb-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BTAI was recently trading at $31.98 and has an implied volatility of 80.10% for this period. Based on an analysis of the options available for BTAI expiring on 17-Feb-2023, there is a 34.24% likelihood that the underlying will close within the analyzed range of $32.08-$39.35 at expiration. In this scenario, the average linear return for the trade would be 16.08%.

52 week high: BIOXCEL THERAPEUTICS INC. COMMON STOCK recently reached a new 52-week high at $32.15. BTAI had traded in the range $8.79-$32.05 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if BTAI maintains its current direction and does not revert back to pricing on the bearish side of $31.98 on 17-Feb-2023. 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 BIOXCEL THERAPEUTICS INC. COMMON STOCK closes at or above $31.25 on 17-Feb-2023. Based on our risk-neutral analysis, there is a 55.13% 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.