Quantchabot has detected a new Bull Call Spread trade opportunity for BIOCRYST PHARMACEUTICALS (BCRX) for the 17-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
BCRX was recently trading at $10.88 and has an implied volatility of 62.71% for this period. Based on an analysis of the options available for BCRX expiring on 17-Jul-2026, there is a 34.37% likelihood that the underlying will close within the analyzed range of $10.89-$11.99 at expiration. In this scenario, the average linear return for the trade would be 32.35%.
52 week high: BIOCRYST PHARMACEUTICALS recently reached a new 52-week high at $11.22. BCRX had traded in the range $6.00-$11.03 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 BCRX maintains its current direction and does not revert back to pricing on the bearish side of $10.88 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 BIOCRYST PHARMACEUTICALS closes at or above $10.75 on 17-Jul-2026. Based on our risk-neutral analysis, there is a 55.37% 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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