Quantchabot has detected a new Bear Call Spread trade opportunity for KODIAK SCIENCES LTD (KOD) for the 17-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
KOD was recently trading at $38.76 and has an implied volatility of 90.70% for this period. Based on an analysis of the options available for KOD expiring on 17-Apr-2026, there is a 34.27% likelihood that the underlying will close within the analyzed range of $32.18-$38.82 at expiration. In this scenario, the average linear return for the trade would be 28.11%.
Big -9.46% Change: After closing the last trading session at $42.81, KODIAK SCIENCES LTD opened today at $41.03 and has reached a low of $38.68.
Trade approach: A movement as big as -9.46% is a significantly bearish indicator, so this trade is designed to be profitable if KOD maintains its current direction and does not revert back to pricing on the bullish side of $38.76 on 17-Apr-2026. 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 KODIAK SCIENCES LTD closes at or below $38.90 on 17-Apr-2026. Based on our risk-neutral analysis, there is a 50.43% 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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