Quantchabot has detected a promising Bull Call Spread trade opportunity for HUBSPOT INC (HUBS) for the 23-Jun-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
HUBS was recently trading at $453.85 and has an implied volatility of 43.15% for this period. Based on an analysis of the options available for HUBS expiring on 23-Jun-2023, there is a 34.17% likelihood that the underlying will close within the analyzed range of $457.53-$536.50 at expiration. In this scenario, the average linear return for the trade would be 11.08%.
52 week high: HUBSPOT INC recently reached a new 52-week high at $456.50. HUBS had traded in the range $245.03-$431.60 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 HUBS maintains its current direction and does not revert back to pricing on the bearish side of $453.85 on 23-Jun-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 HUBSPOT INC closes at or above $437.00 on 23-Jun-2023. Based on our risk-neutral analysis, there is a 61.36% 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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