Quantchabot has detected a new Covered Call trade opportunity for RELAY THERAPEUTICS INC. (RLAY) for the 17-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
RLAY was recently trading at $12.55 and has an implied volatility of 180.84% for this period. Based on an analysis of the options available for RLAY expiring on 17-Apr-2026, there is a 34.31% likelihood that the underlying will close within the analyzed range of $12.57-$17.35 at expiration. In this scenario, the average linear return for the trade would be 17.23%.
52 week high: RELAY THERAPEUTICS INC. recently reached a new 52-week high at $13.38. RLAY had traded in the range $1.77-$13.04 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if RLAY maintains its current direction and does not revert back to pricing on the bearish side of $12.55 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 bullish strategy, the trade would be profitable if RELAY THERAPEUTICS INC. closes at or above $12.36 on 17-Apr-2026. Based on our risk-neutral analysis, there is a 52.05% 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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