Quantchabot has detected a new Long Call trade opportunity for EVOLV TECHNOLOGIES HOLDINGS INC (EVLV) for the 16-May-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
EVLV was recently trading at $5.18 and has an implied volatility of 30.02% for this period. Based on an analysis of the options available for EVLV expiring on 16-May-2025, there is a 37.39% likelihood that the underlying will close within the analyzed range of $5.19-$5.25 at expiration. In this scenario, the average linear return for the trade would be 41.70%.
52 week high: EVOLV TECHNOLOGIES HOLDINGS INC recently reached a new 52-week high at $5.24. EVLV had traded in the range $2.04-$4.65 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 EVLV maintains its current direction and does not revert back to pricing on the bearish side of $5.18 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 EVOLV TECHNOLOGIES HOLDINGS INC closes at or above $5.15 on 16-May-2025. Based on our risk-neutral analysis, there is a 72.18% 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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