Bull Call Spreads on High-Beta Names
Bull Call Spread52 trades pass on BTDR
- Return on risk
- 100.0% to 900.0%
- Probability of profit
- 25.1% to 57.2%
Bitdeer Technologies Group · Financials
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BTDR last closed at $5.60 with 30-day implied volatility of 115.8%. That is in the upper half of its one-year range (IV rank 53), so premiums are somewhat richer than usual for BTDR. Measured by IV percentile, IV is higher than 68% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $1.81, or 32.3%.
The price is below both its 50-day (-40.1%) and 200-day (-50.5%) moving averages. It is 71.6% below its 52-week high and 5.5% above its 52-week low. The 14-day RSI of 36.6 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $0.83, about 14.8% of the price, a measure of a typical day's range.
Option volume at the close (31.1K contracts) was 1.5x its average, busier than usual. A beta of 4.35 means BTDR has tended to move about 4.3 times as much as the broad market. 3 of our preset screens found trades on BTDR at the close, led by Bull Call Spreads on High-Beta Names with 52 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Nov 20, 20267 days | 125.9% | ±$0.98 (17.4%) | $4.62 to $6.58 | $0.78 |
| Dec 11, 202628 days | 116.6% | ±$1.81 (32.3%) | $3.79 to $7.41 | $1.43 |
| Jan 15, 202763 days | 104.2% | ±$2.43 (43.3%) | $3.17 to $8.03 | $2.00 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for BTDR from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
52 trades pass on BTDR
40 trades pass on BTDR
29 trades pass on BTDR
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.