Quantchabot has detected a new Bull Call Spread trade opportunity for TANGO THERAPEUTICS INC. (TNGX) for the 15-May-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
TNGX was recently trading at $23.05 and has an implied volatility of 212.10% for this period. Based on an analysis of the options available for TNGX expiring on 15-May-2026, there is a 34.31% likelihood that the underlying will close within the analyzed range of $23.08-$33.74 at expiration. In this scenario, the average linear return for the trade would be 11.11%.
Big 9.89% Change: After closing the last trading session at $20.98, TANGO THERAPEUTICS INC. opened today at $21.06 and has reached a high of $23.09.
Trade approach: A movement as big as 9.89% is a significantly bullish indicator, so this trade is designed to be profitable if TNGX maintains its current direction and does not revert back to pricing on the bearish side of $23.05 on 15-May-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 TANGO THERAPEUTICS INC. closes at or above $21.40 on 15-May-2026. Based on our risk-neutral analysis, there is a 57.96% 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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