The automated Quantcha Trade Ideas Service has detected a promising Bull Call Spread trade opportunity for INTELLIA THERAPEUTICS INC. COMMON STOCK (NTLA) for the 16-Feb-2018 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

NTLA was recently trading at $24.59 and has an implied volatility of 79.93% for this period. Based on an analysis of the options available for NTLA expiring on 16-Feb-2018, there is a 34.14% likelihood that the underlying will close within the analyzed range of $24.67-$29.73 at expiration. In this scenario, the average linear return for the trade would be 71.34%.

Big 7.95% Change: After closing the last trading session at $22.78, INTELLIA THERAPEUTICS INC. COMMON STOCK opened today at $23.08 and has reached a high of $24.75.

Trade approach: A movement as big as 7.95% is a significantly bullish indicator, so this trade is designed to be profitable if NTLA maintains its current direction and does not revert back to pricing on the bearish side of $24.59 on 16-Feb-2018. 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 INTELLIA THERAPEUTICS INC. COMMON STOCK closes at or above $23.95 on 16-Feb-2018. Based on our risk-neutral analysis, there is a 56.33% 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.