Big Gainer Alert: Trading today’s 10.1% move in CORSAIR GAMING INC. COMMON STOCK
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Quantchabot has detected a promising
CRSR was recently trading at $44.41 and has an implied volatility of 124.34% for this period. Based on an analysis of the options available for CRSR expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $44.42-$71.41 at expiration. In this scenario, the average linear return for the trade would be 128.47%.
Big 10.13% Change: After closing the last trading session at $40.33, CORSAIR GAMING INC. COMMON STOCK opened today at $41.00 and has reached a high of $45.69.
Trade approach: A movement as big as 10.13% is a significantly bullish indicator, so this trade is designed to be profitable if CRSR maintains its current direction and does not revert back to pricing on the bearish side of $44.41 on 15-Jan-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 CORSAIR GAMING INC. COMMON STOCK closes at or above $44.00 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.81% 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.
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