52-Week High Alert: Trading today’s movement in FAIR ISAAC $FICO

Quantchabot has detected a new Bull Call Spread trade opportunity for FAIR ISAAC (FICO) for the 19-Jul-2024 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

FICO was recently trading at $1,522.68 and has an implied volatility of 27.79% for this period. Based on an analysis of the options available for FICO expiring on 19-Jul-2024, there is a 34.30% likelihood that the underlying will close within the analyzed range of $1,525.42-$1,602.99 at expiration. In this scenario, the average linear return for the trade would be 10.00%.

52 week high: FAIR ISAAC recently reached a new 52-week high at $1,549.39. FICO had traded in the range $776.63-$1,541.37 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 FICO maintains its current direction and does not revert back to pricing on the bearish side of $1,522.68 on 19-Jul-2024. 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 FAIR ISAAC closes at or above $1,518.29 on 19-Jul-2024. Based on our risk-neutral analysis, there is a 53.77% 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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