Quantchabot has detected a new Bull Call Spread trade opportunity for PROTAGONIST THERAPEUTICS INC. (PTGX) for the 17-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PTGX was recently trading at $136.89 and has an implied volatility of 80.37% for this period. Based on an analysis of the options available for PTGX expiring on 17-Jul-2026, there is a 34.35% likelihood that the underlying will close within the analyzed range of $137.03-$156.14 at expiration. In this scenario, the average linear return for the trade would be 14.07%.
52 week high: PROTAGONIST THERAPEUTICS INC. recently reached a new 52-week high at $140.95. PTGX had traded in the range $49.38-$132.78 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 PTGX maintains its current direction and does not revert back to pricing on the bearish side of $136.89 on 17-Jul-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 PROTAGONIST THERAPEUTICS INC. closes at or above $134.80 on 17-Jul-2026. Based on our risk-neutral analysis, there is a 55.03% 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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