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Big Gainer Alert: Trading today’s 8.2% move in XILINX

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Quantchabot has detected a promising Bull Call Spread trade opportunity for XILINX (XLNX) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

XLNX was recently trading at $123.93 and has an implied volatility of 45.87% for this period. Based on an analysis of the options available for XLNX expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $123.59-$153.28 at expiration. In this scenario, the average linear return for the trade would be 79.42%.

Big 8.19% Change: After closing the last trading session at $114.55, XILINX opened today at $129.29 and has reached a high of $130.40.

Trade approach: A movement as big as 8.19% is a significantly bullish indicator, so this trade is designed to be profitable if XLNX maintains its current direction and does not revert back to pricing on the bearish side of $123.93 on 15-Jan-2021. 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 XILINX closes at or above $122.85 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.12% 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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