Quantchabot has detected a new Bull Call Spread trade opportunity for APPLE (AAPL) for the 24-Jan-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
AAPL was recently trading at $254.55 and has an implied volatility of 18.77% for this period. Based on an analysis of the options available for AAPL expiring on 24-Jan-2025, there is a 34.21% likelihood that the underlying will close within the analyzed range of $255.59-$270.38 at expiration. In this scenario, the average linear return for the trade would be 10.08%.
52 week high: APPLE recently reached a new 52-week high at $255.65. AAPL had traded in the range $164.07-$255.00 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 AAPL maintains its current direction and does not revert back to pricing on the bearish side of $254.55 on 24-Jan-2025. 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 APPLE closes at or above $254.13 on 24-Jan-2025. Based on our risk-neutral analysis, there is a 54.04% 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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