Quantchabot has detected a new Bull Call Spread trade opportunity for AURORA INNOVATION INC. CLASS A (AUR) for the 2-May-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
AUR was recently trading at $6.84 and has an implied volatility of 104.34% for this period. Based on an analysis of the options available for AUR expiring on 2-May-2025, there is a 34.17% likelihood that the underlying will close within the analyzed range of $6.89-$10.12 at expiration. In this scenario, the average linear return for the trade would be 33.33%.
Big 9.35% Change: After closing the last trading session at $6.26, AURORA INNOVATION INC. CLASS A opened today at $6.55 and has reached a high of $6.90.
Trade approach: A movement as big as 9.35% is a significantly bullish indicator, so this trade is designed to be profitable if AUR maintains its current direction and does not revert back to pricing on the bearish side of $6.84 on 2-May-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 AURORA INNOVATION INC. CLASS A closes at or above $6.25 on 2-May-2025. Based on our risk-neutral analysis, there is a 59.96% 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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