Big Gainer Alert: Trading today’s 7.9% move in APOLLO MEDICAL HOLDINGS INC. $AMEH

Quantchabot has detected a promising Bull Call Spread trade opportunity for APOLLO MEDICAL HOLDINGS INC. (AMEH) for the 20-Oct-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

AMEH was recently trading at $33.80 and has an implied volatility of 54.78% for this period. Based on an analysis of the options available for AMEH expiring on 20-Oct-2023, there is a 34.69% likelihood that the underlying will close within the analyzed range of $33.82-$35.74 at expiration. In this scenario, the average linear return for the trade would be 22.05%.

Big 7.88% Change: After closing the last trading session at $31.33, APOLLO MEDICAL HOLDINGS INC. opened today at $31.92 and has reached a high of $33.88.

Trade approach: A movement as big as 7.88% is a significantly bullish indicator, so this trade is designed to be profitable if AMEH maintains its current direction and does not revert back to pricing on the bearish side of $33.80 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 APOLLO MEDICAL HOLDINGS INC. closes at or above $33.75 on 20-Oct-2023. Based on our risk-neutral analysis, there is a 51.50% 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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