The automated Quantcha Trade Ideas Service has detected a promising Covered Call trade opportunity for COHERUS BIOSCIENCES INC. COMM (CHRS) for the 16-Feb-2018 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CHRS was recently trading at $10.55 and has an implied volatility of 50.87% for this period. Based on an analysis of the options available for CHRS expiring on 16-Feb-2018, there is a 34.14% likelihood that the underlying will close within the analyzed range of $10.61-$13.22 at expiration. In this scenario, the average linear return for the trade would be 13.45%.

Big 10.47% Change: After closing the last trading session at $9.55, COHERUS BIOSCIENCES INC. COMM opened today at $9.70 and has reached a high of $10.68.

Trade approach: A movement as big as 10.47% is a significantly bullish indicator, so this trade is designed to be profitable if CHRS maintains its current direction and does not revert back to pricing on the bearish side of $10.55 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 COHERUS BIOSCIENCES INC. COMM closes at or above $10.30 on 16-Feb-2018. Based on our risk-neutral analysis, there is a 55.32% 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.