This morning 4,000 Amicus Therapeutics, Inc. (Symbol: FOLD) April 19 ’24 12/13 call spreads traded for $0.36. The spread has a delta of 26, so the trade is the equivalent of 104,000 shares of stock. At the time of the trade FOLD was trading at $11.69. The buyer of the spread will benefit if FOLD’s stock price rises above $12.36 and can make a maximum of $0.64 profit on the trade excluding commissions and exchange fees.
FOLD is expected to release earnings after the spread expires so the buyer may expect a slight movement to the upside over the next 30 days.
FOLD is currently trading at $11.87. FOLD has a 52-week high of $14.57 and a 52-week low of $9.70.
Source: IBKR TWS. Past performance is not indicative of future results
Disclosure: Interactive Brokers
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Disclosure: Options (with multiple legs)
Options involve risk and are not suitable for all investors. For information on the uses and risks of options, you can obtain a copy of the Options Clearing Corporation risk disclosure document titled Characteristics and Risks of Standardized Options by clicking the link below. Multiple leg strategies, including spreads, will incur multiple transaction costs. “Characteristics and Risks of Standardized Options”
