Quantchabot has detected a new Bear Call Spread trade opportunity for EXACT SCIENCES (EXAS) for the 17-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
EXAS was recently trading at $42.81 and has an implied volatility of 53.71% for this period. Based on an analysis of the options available for EXAS expiring on 17-Apr-2025, there is a 34.19% likelihood that the underlying will close within the analyzed range of $36.35-$43.00 at expiration. In this scenario, the average linear return for the trade would be 57.20%.
Big -7.64% Change: After closing the last trading session at $46.35, EXACT SCIENCES opened today at $45.31 and has reached a low of $42.47.
Trade approach: A movement as big as -7.64% is a significantly bearish indicator, so this trade is designed to be profitable if EXAS maintains its current direction and does not revert back to pricing on the bullish side of $42.81 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 EXACT SCIENCES closes at or below $43.30 on 17-Apr-2025. Based on our risk-neutral analysis, there is a 51.68% 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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