Quantchabot has detected a new Bear Put Spread trade opportunity for BIOHAVEN PHARMACEUTICAL HOLDING CO LTD (BHVN) for the 17-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
BHVN was recently trading at $15.57 and has an implied volatility of 98.09% for this period. Based on an analysis of the options available for BHVN expiring on 17-Jul-2026, there is a 34.41% likelihood that the underlying will close within the analyzed range of $13.53-$15.59 at expiration. In this scenario, the average linear return for the trade would be 16.75%.
Big -7.24% Change: After closing the last trading session at $16.79, BIOHAVEN PHARMACEUTICAL HOLDING CO LTD opened today at $16.35 and has reached a low of $15.33.
Trade approach: A movement as big as -7.24% is a significantly bearish indicator, so this trade is designed to be profitable if BHVN maintains its current direction and does not revert back to pricing on the bullish side of $15.57 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 bearish strategy, the trade would be profitable if BIOHAVEN PHARMACEUTICAL HOLDING CO LTD closes at or below $15.65 on 17-Jul-2026. Based on our risk-neutral analysis, there is a 51.15% 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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