Quantchabot has detected a new Bull Call Spread trade opportunity for GRINDR INC (GRND) for the 16-May-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
GRND was recently trading at $19.30 and has an implied volatility of 54.54% for this period. Based on an analysis of the options available for GRND expiring on 16-May-2025, there is a 34.20% likelihood that the underlying will close within the analyzed range of $19.37-$22.63 at expiration. In this scenario, the average linear return for the trade would be 13.21%.
52 week high: GRINDR INC recently reached a new 52-week high at $19.40. GRND had traded in the range $8.95-$19.20 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 GRND maintains its current direction and does not revert back to pricing on the bearish side of $19.30 on 16-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 GRINDR INC closes at or above $19.05 on 16-May-2025. Based on our risk-neutral analysis, there is a 54.34% 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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