Quantchabot has detected a new Covered Put trade opportunity for MEI PHARMA INC. COMMON STOCK (MEIP) for the 15-Aug-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
MEIP was recently trading at $6.23 and has an implied volatility of 123.03% for this period. Based on an analysis of the options available for MEIP expiring on 15-Aug-2025, there is a 34.25% likelihood that the underlying will close within the analyzed range of $4.73-$6.24 at expiration. In this scenario, the average linear return for the trade would be 27.34%.
Big -7.57% Change: After closing the last trading session at $6.74, MEI PHARMA INC. COMMON STOCK opened today at $6.75 and has reached a low of $6.13.
Trade approach: A movement as big as -7.57% is a significantly bearish indicator, so this trade is designed to be profitable if MEIP maintains its current direction and does not revert back to pricing on the bullish side of $6.23 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 MEI PHARMA INC. COMMON STOCK closes at or below $6.50 on 15-Aug-2025. Based on our risk-neutral analysis, there is a 55.77% 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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