Quantchabot has detected a new Bull Call Spread trade opportunity for SOLENO THERAPEUTICS INC. COMMON STOCK (SLNO) for the 17-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
SLNO was recently trading at $73.64 and has an implied volatility of 48.87% for this period. Based on an analysis of the options available for SLNO expiring on 17-Apr-2025, there is a 34.26% likelihood that the underlying will close within the analyzed range of $73.78-$81.61 at expiration. In this scenario, the average linear return for the trade would be 11.30%.
Big 7.87% Change: After closing the last trading session at $68.26, SOLENO THERAPEUTICS INC. COMMON STOCK opened today at $67.53 and has reached a high of $73.80.
Trade approach: A movement as big as 7.87% is a significantly bullish indicator, so this trade is designed to be profitable if SLNO maintains its current direction and does not revert back to pricing on the bearish side of $73.64 on 17-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 bullish strategy, the trade would be profitable if SOLENO THERAPEUTICS INC. COMMON STOCK closes at or above $73.40 on 17-Apr-2025. Based on our risk-neutral analysis, there is a 52.02% 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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