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52-Week High Alert: Trading today’s movement in CYBERARK SOFTWARE LTD. ORDINAR

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Quantchabot has detected a promising Bull Put Spread trade opportunity for CYBERARK SOFTWARE LTD. ORDINAR (CYBR) for the 29-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CYBR was recently trading at $183.02 and has an implied volatility of 31.69% for this period. Based on an analysis of the options available for CYBR expiring on 29-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $183.03-$194.86 at expiration. In this scenario, the average linear return for the trade would be 45.07%.

52 week high: CYBERARK SOFTWARE LTD. ORDINAR recently reached a new 52-week high at $184.86. CYBR had traded in the range $95.12-$181.50 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 CYBR maintains its current direction and does not revert back to pricing on the bearish side of $183.02 on 29-Oct-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 CYBERARK SOFTWARE LTD. ORDINAR closes at or above $181.75 on 29-Oct-2021. Based on our risk-neutral analysis, there is a 54.45% 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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