Big Gainer Alert: Trading today’s 14.4% move in UIPATH INC $PATH

Quantchabot has detected a promising Bull Call Spread trade opportunity for UIPATH INC (PATH) for the 19-May-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PATH was recently trading at $16.75 and has an implied volatility of 65.49% for this period. Based on an analysis of the options available for PATH expiring on 19-May-2023, there is a 34.17% likelihood that the underlying will close within the analyzed range of $16.88-$22.24 at expiration. In this scenario, the average linear return for the trade would be 15.43%.

Big 14.41% Change: After closing the last trading session at $14.64, UIPATH INC opened today at $17.16 and has reached a high of $18.08.

Trade approach: A movement as big as 14.41% is a significantly bullish indicator, so this trade is designed to be profitable if PATH maintains its current direction and does not revert back to pricing on the bearish side of $16.75 on 19-May-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 UIPATH INC closes at or above $15.45 on 19-May-2023. Based on our risk-neutral analysis, there is a 62.59% 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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