Quantchabot has detected a new Bull Call Spread trade opportunity for BLACKBERRY LIMITED COMMON STOC (BB) for the 21-Mar-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
BB was recently trading at $4.53 and has an implied volatility of 63.30% for this period. Based on an analysis of the options available for BB expiring on 21-Mar-2025, there is a 34.19% likelihood that the underlying will close within the analyzed range of $4.55-$5.69 at expiration. In this scenario, the average linear return for the trade would be 17.87%.
52 week high: BLACKBERRY LIMITED COMMON STOC recently reached a new 52-week high at $4.57. BB had traded in the range $2.01-$4.54 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 BB maintains its current direction and does not revert back to pricing on the bearish side of $4.53 on 21-Mar-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 BLACKBERRY LIMITED COMMON STOC closes at or above $4.45 on 21-Mar-2025. Based on our risk-neutral analysis, there is a 53.97% 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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