Quantchabot has detected a new Secured Put trade opportunity for IROBOT (IRBT) for the 2-May-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
IRBT was recently trading at $2.03 and has an implied volatility of 122.87% for this period. Based on an analysis of the options available for IRBT expiring on 2-May-2025, there is a 34.26% likelihood that the underlying will close within the analyzed range of $2.03-$2.64 at expiration. In this scenario, the average linear return for the trade would be 14.30%.
Big 10.93% Change: After closing the last trading session at $1.83, IROBOT opened today at $1.82 and has reached a high of $2.10.
Trade approach: A movement as big as 10.93% is a significantly bullish indicator, so this trade is designed to be profitable if IRBT maintains its current direction and does not revert back to pricing on the bearish side of $2.03 on 2-May-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 IROBOT closes at or above $2.00 on 2-May-2025. Based on our risk-neutral analysis, there is a 52.58% 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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