Quantchabot has detected a new Bear Call Spread trade opportunity for SOLENO THERAPEUTICS INC. COMMON STOCK (SLNO) for the 17-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
SLNO was recently trading at $32.94 and has an implied volatility of 84.53% for this period. Based on an analysis of the options available for SLNO expiring on 17-Apr-2026, there is a 34.19% likelihood that the underlying will close within the analyzed range of $25.39-$33.06 at expiration. In this scenario, the average linear return for the trade would be 82.76%.
Big -10.34% Change: After closing the last trading session at $36.74, SOLENO THERAPEUTICS INC. COMMON STOCK opened today at $36.44 and has reached a low of $32.88.
Trade approach: A movement as big as -10.34% is a significantly bearish indicator, so this trade is designed to be profitable if SLNO maintains its current direction and does not revert back to pricing on the bullish side of $32.94 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 bearish strategy, the trade would be profitable if SOLENO THERAPEUTICS INC. COMMON STOCK closes at or below $33.45 on 17-Apr-2026. Based on our risk-neutral analysis, there is a 51.76% 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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