Quantchabot has detected a new Bear Call Spread trade opportunity for PROCORE TECHNOLOGIES CORP (PCOR) for the 17-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PCOR was recently trading at $63.98 and has an implied volatility of 50.09% for this period. Based on an analysis of the options available for PCOR expiring on 17-Apr-2025, there is a 34.19% likelihood that the underlying will close within the analyzed range of $54.72-$64.28 at expiration. In this scenario, the average linear return for the trade would be 18.77%.
Big -7.52% Change: After closing the last trading session at $69.18, PROCORE TECHNOLOGIES CORP opened today at $65.50 and has reached a low of $63.65.
Trade approach: A movement as big as -7.52% is a significantly bearish indicator, so this trade is designed to be profitable if PCOR maintains its current direction and does not revert back to pricing on the bullish side of $63.98 on 17-Apr-2025. 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 PROCORE TECHNOLOGIES CORP closes at or below $66.60 on 17-Apr-2025. Based on our risk-neutral analysis, there is a 58.75% 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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