The automated Quantcha Trade Ideas Service has detected a promising trade opportunity for DYNAVAX TECHNOLOGIES CORPORATI () for the 20-Oct-2017 expiration period. You can analyze the opportunity in depth over at the .
DVAX was recently trading at $15.83 and has an implied volatility of 66.55% for this period. Based on an analysis of the options available for DVAX expiring on 20-Oct-2017, there is a 34.13% likelihood that the underlying will close within the analyzed range of $11.83-$15.91 at expiration. In this scenario, the average linear return for the trade would be 50.05%.
Big -7.99% Change: After closing the last trading session at $17.20, DYNAVAX TECHNOLOGIES CORPORATI opened today at $15.95 and has reached a low of $15.80.
Trade approach: A movement as big as -7.99% is a significantly bearish indicator, so this trade is designed to be profitable if DVAX maintains its current direction and does not revert back to pricing on the bullish side of $15.83 on 20-Oct-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 DYNAVAX TECHNOLOGIES CORPORATI closes at or below $15.95 on 20-Oct-2017. Based on our risk-neutral analysis, there is a 50.33% 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 8/10/2017 9:54:46 AM ET. The analysis does not include brokerage fees or commissions and is not investment advice.