Quantchabot has detected a new Bull Call Spread trade opportunity for PHOTRONICS (PLAB) for the 15-Aug-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PLAB was recently trading at $21.19 and has an implied volatility of 36.93% for this period. Based on an analysis of the options available for PLAB expiring on 15-Aug-2025, there is a 34.24% likelihood that the underlying will close within the analyzed range of $21.24-$23.09 at expiration. In this scenario, the average linear return for the trade would be 12.93%.
Big 7.45% Change: After closing the last trading session at $19.72, PHOTRONICS opened today at $20.04 and has reached a high of $21.25.
Trade approach: A movement as big as 7.45% is a significantly bullish indicator, so this trade is designed to be profitable if PLAB maintains its current direction and does not revert back to pricing on the bearish side of $21.19 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 bullish strategy, the trade would be profitable if PHOTRONICS closes at or above $21.20 on 15-Aug-2025. Based on our risk-neutral analysis, there is a 50.86% 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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