Quantchabot has detected a new Bull Call Spread trade opportunity for GENEDX HC. CLASS A (WGS) for the 25-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
WGS was recently trading at $99.19 and has an implied volatility of 86.69% for this period. Based on an analysis of the options available for WGS expiring on 25-Apr-2025, there is a 34.18% likelihood that the underlying will close within the analyzed range of $99.71-$134.07 at expiration. In this scenario, the average linear return for the trade would be 10.84%.
Big 11.06% Change: After closing the last trading session at $89.32, GENEDX HC. CLASS A opened today at $91.19 and has reached a high of $101.35.
Trade approach: A movement as big as 11.06% is a significantly bullish indicator, so this trade is designed to be profitable if WGS maintains its current direction and does not revert back to pricing on the bearish side of $99.19 on 25-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 bullish strategy, the trade would be profitable if GENEDX HC. CLASS A closes at or above $85.60 on 25-Apr-2025. Based on our risk-neutral analysis, there is a 69.72% 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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