52-Week High Alert: Trading today’s movement in DOORDASH INC. CLASS A $DASH

Quantchabot has detected a new Bull Call Spread trade opportunity for DOORDASH INC. CLASS A (DASH) for the 7-Feb-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DASH was recently trading at $189.85 and has an implied volatility of 40.28% for this period. Based on an analysis of the options available for DASH expiring on 7-Feb-2025, there is a 34.67% likelihood that the underlying will close within the analyzed range of $189.96-$198.88 at expiration. In this scenario, the average linear return for the trade would be 10.19%.

52 week high: DOORDASH INC. CLASS A recently reached a new 52-week high at $190.29. DASH had traded in the range $99.32-$189.99 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 DASH maintains its current direction and does not revert back to pricing on the bearish side of $189.85 on 7-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 bullish strategy, the trade would be profitable if DOORDASH INC. CLASS A closes at or above $189.34 on 7-Feb-2025. Based on our risk-neutral analysis, there is a 52.88% 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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