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52-Week High Alert: Trading today’s movement in COMMVAULT SYSTEMS

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Quantchabot has detected a promising Bull Put Spread trade opportunity for COMMVAULT SYSTEMS (CVLT) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CVLT was recently trading at $63.68 and has an implied volatility of 39.24% for this period. Based on an analysis of the options available for CVLT expiring on 16-Apr-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $63.70-$76.30 at expiration. In this scenario, the average linear return for the trade would be 53.19%.

52 week high: COMMVAULT SYSTEMS recently reached a new 52-week high at $65.25. CVLT had traded in the range $24.26-$60.85 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 CVLT maintains its current direction and does not revert back to pricing on the bearish side of $63.68 on 16-Apr-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 COMMVAULT SYSTEMS closes at or above $63.55 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.51% 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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