Quantchabot has detected a new Bull Call Spread trade opportunity for GLAUKOS CORPORATION (GKOS) for the 17-Jan-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
GKOS was recently trading at $153.33 and has an implied volatility of 42.56% for this period. Based on an analysis of the options available for GKOS expiring on 17-Jan-2025, there is a 34.35% likelihood that the underlying will close within the analyzed range of $153.55-$165.68 at expiration. In this scenario, the average linear return for the trade would be 11.60%.
52 week high: GLAUKOS CORPORATION recently reached a new 52-week high at $155.76. GKOS had traded in the range $76.25-$153.50 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 GKOS maintains its current direction and does not revert back to pricing on the bearish side of $153.33 on 17-Jan-2025. 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 GLAUKOS CORPORATION closes at or above $152.30 on 17-Jan-2025. Based on our risk-neutral analysis, there is a 54.31% 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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