Quantchabot has detected a new Bull Call Spread trade opportunity for ATLASSIAN CORPORATION PLC CLASS A (TEAM) for the 25-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
TEAM was recently trading at $223.94 and has an implied volatility of 44.59% for this period. Based on an analysis of the options available for TEAM expiring on 25-Apr-2025, there is a 35.41% likelihood that the underlying will close within the analyzed range of $223.99-$230.83 at expiration. In this scenario, the average linear return for the trade would be 10.79%.
Big 7.52% Change: After closing the last trading session at $208.27, ATLASSIAN CORPORATION PLC CLASS A opened today at $215.01 and has reached a high of $224.04.
Trade approach: A movement as big as 7.52% is a significantly bullish indicator, so this trade is designed to be profitable if TEAM maintains its current direction and does not revert back to pricing on the bearish side of $223.94 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 bullish strategy, the trade would be profitable if ATLASSIAN CORPORATION PLC CLASS A closes at or above $222.90 on 25-Apr-2025. Based on our risk-neutral analysis, there is a 56.72% 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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