Big Gainer Alert: Trading today’s 7.1% move in HANNON ARMSTRONG SUSTAINANBLE $HASI

Quantchabot has detected a promising Bull Call Spread trade opportunity for HANNON ARMSTRONG SUSTAINANBLE (HASI) for the 20-Oct-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HASI was recently trading at $24.71 and has an implied volatility of 43.94% for this period. Based on an analysis of the options available for HASI expiring on 20-Oct-2023, there is a 34.18% likelihood that the underlying will close within the analyzed range of $24.48-$28.60 at expiration. In this scenario, the average linear return for the trade would be 11.22%.

Big 7.11% Change: After closing the last trading session at $23.07, HANNON ARMSTRONG SUSTAINANBLE opened today at $24.80 and has reached a high of $25.47.

Trade approach: A movement as big as 7.11% is a significantly bullish indicator, so this trade is designed to be profitable if HASI maintains its current direction and does not revert back to pricing on the bearish side of $24.71 on 20-Oct-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 HANNON ARMSTRONG SUSTAINANBLE closes at or above $23.70 on 20-Oct-2023. Based on our risk-neutral analysis, there is a 58.29% 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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