Quantchabot has detected a new Bull Call Spread trade opportunity for GRID DYNAMICS HOLDINGS INC (GDYN) for the 17-Jan-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
GDYN was recently trading at $24.11 and has an implied volatility of 44.54% for this period. Based on an analysis of the options available for GDYN expiring on 17-Jan-2025, there is a 34.25% likelihood that the underlying will close within the analyzed range of $24.18-$26.96 at expiration. In this scenario, the average linear return for the trade would be 27.67%.
52 week high: GRID DYNAMICS HOLDINGS INC recently reached a new 52-week high at $24.16. GDYN had traded in the range $9.07-$20.92 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 GDYN maintains its current direction and does not revert back to pricing on the bearish side of $24.11 on 17-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 GRID DYNAMICS HOLDINGS INC closes at or above $23.80 on 17-Jan-2025. Based on our risk-neutral analysis, there is a 55.82% 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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