52-Week Low Alert: Trading today’s movement in AKAMAI TECHNOLOGIES $AKAM

Quantchabot has detected a promising Bear Call Spread trade opportunity for AKAMAI TECHNOLOGIES (AKAM) for the 21-Apr-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

AKAM was recently trading at $72.49 and has an implied volatility of 28.45% for this period. Based on an analysis of the options available for AKAM expiring on 21-Apr-2023, there is a 34.19% likelihood that the underlying will close within the analyzed range of $66.41-$72.85 at expiration. In this scenario, the average linear return for the trade would be 49.31%.

52 week low: AKAMAI TECHNOLOGIES recently reached a new 52-week low at $71.18. AKAM had traded in the range $71.55-$123.25 over the past year.

Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if AKAM maintains its current direction and does not revert back to pricing on the bullish side of $72.49 on 21-Apr-2023. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bearish strategy, the trade would be profitable if AKAMAI TECHNOLOGIES closes at or below $73.10 on 21-Apr-2023. Based on our risk-neutral analysis, there is a 51.47% 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.






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