Big Gainer Alert: Trading today’s 11.3% move in INNODATA $INOD

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

INOD was recently trading at $16.66 and has an implied volatility of 87.23% for this period. Based on an analysis of the options available for INOD expiring on 19-Jul-2024, there is a 34.31% likelihood that the underlying will close within the analyzed range of $16.69-$19.51 at expiration. In this scenario, the average linear return for the trade would be 17.11%.

Big 11.29% Change: After closing the last trading session at $14.97, INNODATA opened today at $15.25 and has reached a high of $17.11.

Trade approach: A movement as big as 11.29% is a significantly bullish indicator, so this trade is designed to be profitable if INOD maintains its current direction and does not revert back to pricing on the bearish side of $16.66 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 INNODATA closes at or above $16.25 on 19-Jul-2024. Based on our risk-neutral analysis, there is a 56.85% 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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