Quantchabot has detected a new Covered Put trade opportunity for ALTIMMUNE INC. COMMON STOCK (ALT) for the 8-May-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ALT was recently trading at $2.62 and has an implied volatility of 136.55% for this period. Based on an analysis of the options available for ALT expiring on 8-May-2026, there is a 34.35% likelihood that the underlying will close within the analyzed range of $2.11-$2.63 at expiration. In this scenario, the average linear return for the trade would be 10.96%.
52 week low: ALTIMMUNE INC. COMMON STOCK recently reached a new 52-week low at $2.60. ALT had traded in the range $2.75-$7.73 over the past year.
Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if ALT maintains its current direction and does not revert back to pricing on the bullish side of $2.62 on 8-May-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 ALTIMMUNE INC. COMMON STOCK closes at or below $2.67 on 8-May-2026. Based on our risk-neutral analysis, there is a 52.92% 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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