Quantchabot has detected a new Bull Call Spread trade opportunity for DAVE INC. CLASS A COMMON STOCK (DAVE) for the 18-Jul-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
DAVE was recently trading at $275.97 and has an implied volatility of 73.45% for this period. Based on an analysis of the options available for DAVE expiring on 18-Jul-2025, there is a 34.24% likelihood that the underlying will close within the analyzed range of $276.57-$326.55 at expiration. In this scenario, the average linear return for the trade would be 10.39%.
Big 10.55% Change: After closing the last trading session at $249.64, DAVE INC. CLASS A COMMON STOCK opened today at $259.69 and has reached a high of $279.49.
Trade approach: A movement as big as 10.55% is a significantly bullish indicator, so this trade is designed to be profitable if DAVE maintains its current direction and does not revert back to pricing on the bearish side of $275.97 on 18-Jul-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 DAVE INC. CLASS A COMMON STOCK closes at or above $268.49 on 18-Jul-2025. Based on our risk-neutral analysis, there is a 57.11% 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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