Quantchabot has detected a new Covered Call trade opportunity for APOGEE THERAPEUTICS INC. (APGE) for the 16-May-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
APGE was recently trading at $38.37 and has an implied volatility of 129.71% for this period. Based on an analysis of the options available for APGE expiring on 16-May-2025, there is a 34.37% likelihood that the underlying will close within the analyzed range of $38.41-$46.87 at expiration. In this scenario, the average linear return for the trade would be 10.19%.
Big 8.88% Change: After closing the last trading session at $35.24, APOGEE THERAPEUTICS INC. opened today at $35.14 and has reached a high of $38.60.
Trade approach: A movement as big as 8.88% is a significantly bullish indicator, so this trade is designed to be profitable if APGE maintains its current direction and does not revert back to pricing on the bearish side of $38.37 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 APOGEE THERAPEUTICS INC. closes at or above $38.12 on 16-May-2025. Based on our risk-neutral analysis, there is a 51.53% 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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