Quantchabot has detected a new Bull Put Spread trade opportunity for EXELIXIS (EXEL) for the 17-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
EXEL was recently trading at $52.74 and has an implied volatility of 36.33% for this period. Based on an analysis of the options available for EXEL expiring on 17-Jul-2026, there is a 34.19% likelihood that the underlying will close within the analyzed range of $52.96-$59.59 at expiration. In this scenario, the average linear return for the trade would be 15.69%.
52 week high: EXELIXIS recently reached a new 52-week high at $53.24. EXEL had traded in the range $33.76-$52.98 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 EXEL maintains its current direction and does not revert back to pricing on the bearish side of $52.74 on 17-Jul-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 EXELIXIS closes at or above $52.90 on 17-Jul-2026. Based on our risk-neutral analysis, there is a 50.35% 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.
Leave a Reply
You must be logged in to post a comment.