Big Gainer Alert: Trading today’s 9.6% move in BEIGENE LTD. ADS $BGNE

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

BGNE was recently trading at $211.10 and has an implied volatility of 42.43% for this period. Based on an analysis of the options available for BGNE expiring on 20-Oct-2023, there is a 34.18% likelihood that the underlying will close within the analyzed range of $212.41-$244.32 at expiration. In this scenario, the average linear return for the trade would be 11.31%.

Big 9.59% Change: After closing the last trading session at $192.63, BEIGENE LTD. ADS opened today at $210.00 and has reached a high of $211.63.

Trade approach: A movement as big as 9.59% is a significantly bullish indicator, so this trade is designed to be profitable if BGNE maintains its current direction and does not revert back to pricing on the bearish side of $211.10 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 BEIGENE LTD. ADS closes at or above $207.30 on 20-Oct-2023. Based on our risk-neutral analysis, there is a 56.90% 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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