Big Loser Alert: Trading today’s -7.7% move in IMMUNITYBIO INC $IBRX

Quantchabot has detected a new Bear Call Spread trade opportunity for IMMUNITYBIO INC (IBRX) for the 21-Feb-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

IBRX was recently trading at $3.19 and has an implied volatility of 102.67% for this period. Based on an analysis of the options available for IBRX expiring on 21-Feb-2025, there is a 34.27% likelihood that the underlying will close within the analyzed range of $2.53-$3.19 at expiration. In this scenario, the average linear return for the trade would be 59.21%.

Big -7.68% Change: After closing the last trading session at $3.45, IMMUNITYBIO INC opened today at $3.26 and has reached a low of $3.10.

Trade approach: A movement as big as -7.68% is a significantly bearish indicator, so this trade is designed to be profitable if IBRX maintains its current direction and does not revert back to pricing on the bullish side of $3.19 on 21-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 IMMUNITYBIO INC closes at or below $3.25 on 21-Feb-2025. Based on our risk-neutral analysis, there is a 53.09% 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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