Quantchabot has detected a new Bear Call Spread trade opportunity for SAREPTA THERAPEUTICS INC. COM (SRPT) for the 25-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
SRPT was recently trading at $78.01 and has an implied volatility of 55.94% for this period. Based on an analysis of the options available for SRPT expiring on 25-Apr-2025, there is a 34.19% likelihood that the underlying will close within the analyzed range of $65.32-$78.38 at expiration. In this scenario, the average linear return for the trade would be 66.28%.
Big -23.03% Change: After closing the last trading session at $101.35, SAREPTA THERAPEUTICS INC. COM opened today at $78.61 and has reached a low of $75.06.
Trade approach: A movement as big as -23.03% is a significantly bearish indicator, so this trade is designed to be profitable if SRPT maintains its current direction and does not revert back to pricing on the bullish side of $78.01 on 25-Apr-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 SAREPTA THERAPEUTICS INC. COM closes at or below $78.60 on 25-Apr-2025. Based on our risk-neutral analysis, there is a 50.62% 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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