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4,000 Call Spreads Trade in Amicus Therapeutics, Inc. (Symbol: FOLD)

OptionWatch:

4,000 Call Spreads Trade in Amicus Therapeutics, Inc. (Symbol: FOLD)

Posted March 20, 2024 at 11:00 am
Jeff Praissman
Interactive Brokers

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.

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

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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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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 read the "Characteristics and Risks of Standardized Options" also known as the options disclosure document (ODD). Multiple leg strategies, including spreads, will incur multiple transaction costs.

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