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Big Gainer Alert: Trading today’s 8.3% move in DOXIMITY INC

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Quantchabot has detected a promising Bull Put Spread trade opportunity for DOXIMITY INC (DOCS) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DOCS was recently trading at $66.22 and has an implied volatility of 83.01% for this period. Based on an analysis of the options available for DOCS expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $66.22-$90.94 at expiration. In this scenario, the average linear return for the trade would be 95.70%.

Big 8.32% Change: After closing the last trading session at $61.13, DOXIMITY INC opened today at $62.11 and has reached a high of $66.80.

Trade approach: A movement as big as 8.32% is a significantly bullish indicator, so this trade is designed to be profitable if DOCS maintains its current direction and does not revert back to pricing on the bearish side of $66.22 on 21-Jan-2022. 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 DOXIMITY INC closes at or above $64.90 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 52.54% 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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