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Big Gainer Alert: Trading today’s 10.6% move in SITIME CORP.

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

SITM was recently trading at $278.70 and has an implied volatility of 78.25% for this period. Based on an analysis of the options available for SITM expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $278.75-$382.15 at expiration. In this scenario, the average linear return for the trade would be 44.83%.

Big 10.57% Change: After closing the last trading session at $252.06, SITIME CORP. opened today at $275.73 and has reached a high of $288.50.

Trade approach: A movement as big as 10.57% is a significantly bullish indicator, so this trade is designed to be profitable if SITM maintains its current direction and does not revert back to pricing on the bearish side of $278.70 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 SITIME CORP. closes at or above $270.70 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 53.70% 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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