Quantchabot has detected a new Bull Put Spread trade opportunity for PENUMBRA INC (PEN) for the 20-Feb-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PEN was recently trading at $350.91 and has an implied volatility of 13.23% for this period. Based on an analysis of the options available for PEN expiring on 20-Feb-2026, there is a 34.20% likelihood that the underlying will close within the analyzed range of $352.25-$367.34 at expiration. In this scenario, the average linear return for the trade would be 33.33%.
Big 11.96% Change: After closing the last trading session at $313.43, PENUMBRA INC opened today at $348.11 and has reached a high of $352.15.
Trade approach: A movement as big as 11.96% is a significantly bullish indicator, so this trade is designed to be profitable if PEN maintains its current direction and does not revert back to pricing on the bearish side of $350.91 on 20-Feb-2026. 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 PENUMBRA INC closes at or above $347.50 on 20-Feb-2026. Based on our risk-neutral analysis, there is a 62.71% 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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