Quantchabot has detected a new Bull Put Spread trade opportunity for PAYCOR HCM INC (PYCR) for the 17-Jan-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PYCR was recently trading at $23.12 and has an implied volatility of 63.93% for this period. Based on an analysis of the options available for PYCR expiring on 17-Jan-2025, there is a 34.35% likelihood that the underlying will close within the analyzed range of $23.15-$25.96 at expiration. In this scenario, the average linear return for the trade would be 21.95%.
Big 24.70% Change: After closing the last trading session at $18.54, PAYCOR HCM INC opened today at $23.36 and has reached a high of $23.49.
Trade approach: A movement as big as 24.70% is a significantly bullish indicator, so this trade is designed to be profitable if PYCR maintains its current direction and does not revert back to pricing on the bearish side of $23.12 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 PAYCOR HCM INC closes at or above $22.05 on 17-Jan-2025. Based on our risk-neutral analysis, there is a 66.67% 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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