Big Loser Alert: Trading today’s -8.1% move in SANA BIOTECHNOLOGY INC. $SANA

Quantchabot has detected a new Covered Put trade opportunity for SANA BIOTECHNOLOGY INC. (SANA) for the 21-Feb-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

SANA was recently trading at $2.96 and has an implied volatility of 122.01% for this period. Based on an analysis of the options available for SANA expiring on 21-Feb-2025, there is a 34.27% likelihood that the underlying will close within the analyzed range of $2.25-$2.97 at expiration. In this scenario, the average linear return for the trade would be 24.21%.

Big -8.07% Change: After closing the last trading session at $3.22, SANA BIOTECHNOLOGY INC. opened today at $3.08 and has reached a low of $2.95.

Trade approach: A movement as big as -8.07% is a significantly bearish indicator, so this trade is designed to be profitable if SANA maintains its current direction and does not revert back to pricing on the bullish side of $2.96 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 SANA BIOTECHNOLOGY INC. closes at or below $3.06 on 21-Feb-2025. Based on our risk-neutral analysis, there is a 54.49% 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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