Big Gainer Alert: Trading today’s 7.8% move in EOS ENERGY ENTERPRISES INC $EOSE

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

EOSE was recently trading at $2.07 and has an implied volatility of 148.70% for this period. Based on an analysis of the options available for EOSE expiring on 19-Jul-2024, there is a 34.31% likelihood that the underlying will close within the analyzed range of $2.07-$2.70 at expiration. In this scenario, the average linear return for the trade would be 19.05%.

Big 7.79% Change: After closing the last trading session at $1.92, EOS ENERGY ENTERPRISES INC opened today at $2.04 and has reached a high of $2.08.

Trade approach: A movement as big as 7.79% is a significantly bullish indicator, so this trade is designed to be profitable if EOSE maintains its current direction and does not revert back to pricing on the bearish side of $2.07 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 EOS ENERGY ENTERPRISES INC closes at or above $1.84 on 19-Jul-2024. Based on our risk-neutral analysis, there is a 67.46% 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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