Quantchabot has detected a new Bear Put Spread trade opportunity for ENDAVA PLC (DAVA) for the 15-Aug-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
DAVA was recently trading at $13.32 and has an implied volatility of 57.82% for this period. Based on an analysis of the options available for DAVA expiring on 15-Aug-2025, there is a 34.20% likelihood that the underlying will close within the analyzed range of $11.31-$13.37 at expiration. In this scenario, the average linear return for the trade would be 43.97%.
52 week low: ENDAVA PLC recently reached a new 52-week low at $13.12. DAVA had traded in the range $13.39-$34.94 over the past year.
Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if DAVA maintains its current direction and does not revert back to pricing on the bullish side of $13.32 on 15-Aug-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 ENDAVA PLC closes at or below $13.40 on 15-Aug-2025. Based on our risk-neutral analysis, there is a 50.54% 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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