The automated Quantcha Trade Ideas Service has detected a promising
ENDP was recently trading at $13.29 and has an implied volatility of 71.30% for this period. Based on an analysis of the options available for ENDP expiring on 21-Jul-2017, there is a 68.27% likelihood that the underlying will close within the analyzed range of $8.83-$20.36 at expiration. In this scenario, the average linear return for the trade would be 13.11%.
Moneyness: These options are currently 31.38% out of the money and there is a 25.13% likelihood that these options will be exercised before or at expiration.
Most upside: If ENDO INTERNATIONAL PLC ORDINAR closes at or above $17.50, this trade could return up to 39.00%. Based on our analysis, there is a 26.19% likelihood of this return.
The downside: As with any covered call, the risk is substantial as it is vulnerable to a downturn in the underlying itself. There is a 44.01% chance the underlying will close at or below its breakeven price of $12.59, resulting in a net loss on the trade.
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This is an automated post generated based on a market analysis of delayed data at 2/28/2017 10:28:05 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.