Quantchabot has detected a new Covered Call trade opportunity for ULTRAGENYX PHARMACEUTICAL INC. (RARE) for the 17-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
RARE was recently trading at $21.96 and has an implied volatility of 64.96% for this period. Based on an analysis of the options available for RARE expiring on 17-Apr-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $22.10-$28.60 at expiration. In this scenario, the average linear return for the trade would be 10.19%.
Big 7.41% Change: After closing the last trading session at $20.45, ULTRAGENYX PHARMACEUTICAL INC. opened today at $20.41 and has reached a high of $22.10.
Trade approach: A movement as big as 7.41% is a significantly bullish indicator, so this trade is designed to be profitable if RARE maintains its current direction and does not revert back to pricing on the bearish side of $21.96 on 17-Apr-2026. 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 ULTRAGENYX PHARMACEUTICAL INC. closes at or above $21.94 on 17-Apr-2026. Based on our risk-neutral analysis, there is a 51.10% 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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