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

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Quantchabot has detected a promising Long Risk Reversal trade opportunity for XILINX (XLNX) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

XLNX was recently trading at $220.83 and has an implied volatility of 78.49% for this period. Based on an analysis of the options available for XLNX expiring on 21-Jan-2022, there is a 34.13% likelihood that the underlying will close within the analyzed range of $220.86-$303.80 at expiration. In this scenario, the average linear return for the trade would be 71.44%.

52 week high: XILINX recently reached a new 52-week high at $230.03. XLNX had traded in the range $111.84-$223.93 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 XLNX maintains its current direction and does not revert back to pricing on the bearish side of $220.83 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 XILINX closes at or above $220.75 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 50.06% 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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