52-Week High Alert: Trading today’s movement in LAM RESEARCH $LRCX

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

LRCX was recently trading at $1,100.96 and has an implied volatility of 35.52% for this period. Based on an analysis of the options available for LRCX expiring on 19-Jul-2024, there is a 34.30% likelihood that the underlying will close within the analyzed range of $1,102.94-$1,175.24 at expiration. In this scenario, the average linear return for the trade would be 10.02%.

52 week high: LAM RESEARCH recently reached a new 52-week high at $1,105.86. LRCX had traded in the range $574.42-$1,101.81 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 LRCX maintains its current direction and does not revert back to pricing on the bearish side of $1,100.96 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 LAM RESEARCH closes at or above $1,095.56 on 19-Jul-2024. Based on our risk-neutral analysis, there is a 54.23% 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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