Quantchabot has detected a new Bear Call Spread trade opportunity for ENOVIX CORP (ENVX) for the 14-Feb-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ENVX was recently trading at $12.23 and has an implied volatility of 102.49% for this period. Based on an analysis of the options available for ENVX expiring on 14-Feb-2025, there is a 34.21% likelihood that the underlying will close within the analyzed range of $8.88-$12.29 at expiration. In this scenario, the average linear return for the trade would be 18.35%.
Big -14.65% Change: After closing the last trading session at $14.33, ENOVIX CORP opened today at $13.91 and has reached a low of $11.87.
Trade approach: A movement as big as -14.65% is a significantly bearish indicator, so this trade is designed to be profitable if ENVX maintains its current direction and does not revert back to pricing on the bullish side of $12.23 on 14-Feb-2025. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if ENOVIX CORP closes at or below $12.36 on 14-Feb-2025. Based on our risk-neutral analysis, there is a 50.75% 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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