The automated Quantcha Trade Ideas Service has detected a promising
ATRA was recently trading at $18.90 and has an implied volatility of 74.34% for this period. Based on an analysis of the options available for ATRA expiring on 21-Apr-2017, there is a 34.14% likelihood that the underlying will close within the analyzed range of $15.83-$18.97 at expiration. In this scenario, the average linear return for the trade would be 16.07%.
Big -7.35% Change: After closing the last trading session at $20.40, ATARA BIOTHERAPEUTICS INC opened today at $20.40 and has reached a low of $18.80.
Trade approach: A movement as big as -7.35% is a significantly bearish indicator, so this trade is designed to be profitable if ATRA maintains its current direction and does not revert back to pricing on the bullish side of $18.90 on 21-Apr-2017. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if ATARA BIOTHERAPEUTICS INC closes at or below $19.30 on 21-Apr-2017. Based on our risk-neutral analysis, there is a 53.76% 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
This is an automated post generated based on a market analysis of delayed data at 3/28/2017 3:20:46 PM ET. The analysis does not include brokerage fees or commissions and is not investment advice.