Big Loser Alert: Trading today’s -17.5% move in HORIZON THERAPIES PUBLIC LTD $HZNP

Quantchabot has detected a promising Bear Call Spread trade opportunity for HORIZON THERAPIES PUBLIC LTD (HZNP) for the 21-Jul-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HZNP was recently trading at $92.58 and has an implied volatility of 35.68% for this period. Based on an analysis of the options available for HZNP expiring on 21-Jul-2023, there is a 34.17% likelihood that the underlying will close within the analyzed range of $80.32-$93.56 at expiration. In this scenario, the average linear return for the trade would be 48.48%.

Big -17.53% Change: After closing the last trading session at $112.25, HORIZON THERAPIES PUBLIC LTD opened today at $93.00 and has reached a low of $90.56.

Trade approach: A movement as big as -17.53% is a significantly bearish indicator, so this trade is designed to be profitable if HZNP maintains its current direction and does not revert back to pricing on the bullish side of $92.58 on 21-Jul-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 HORIZON THERAPIES PUBLIC LTD closes at or below $93.60 on 21-Jul-2023. Based on our risk-neutral analysis, there is a 50.11% 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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