Quantchabot has detected a new Bull Put Spread trade opportunity for SOLENO THERAPEUTICS INC. COMMON STOCK (SLNO) for the 20-Feb-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
SLNO was recently trading at $41.45 and has an implied volatility of 75.42% for this period. Based on an analysis of the options available for SLNO expiring on 20-Feb-2026, there is a 34.27% likelihood that the underlying will close within the analyzed range of $41.53-$49.27 at expiration. In this scenario, the average linear return for the trade would be 12.36%.
Big 7.49% Change: After closing the last trading session at $38.56, SOLENO THERAPEUTICS INC. COMMON STOCK opened today at $39.88 and has reached a high of $42.12.
Trade approach: A movement as big as 7.49% is a significantly bullish indicator, so this trade is designed to be profitable if SLNO maintains its current direction and does not revert back to pricing on the bearish side of $41.45 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 SOLENO THERAPEUTICS INC. COMMON STOCK closes at or above $39.45 on 20-Feb-2026. Based on our risk-neutral analysis, there is a 61.88% 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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