Credit put spread analysis · · Moderate setup
Trade history on NKTR
Every live credit put spread we've opened on this ticker — what was traded, when, and how it ended.
| Opened | Strikes (S/B) | Expiration | Credit | P/L | Outcome |
|---|---|---|---|---|---|
| Mar 3, 2026 | $63.00/$58.00 | Apr 9, 2026 | $3.25 | $1.10 | Win · price_increase |
Earlier analyses
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Analysis of NKTR indicates a PASS recommendation. The stock's -5.39% drop is notable, but the overall context is unfavorable for a credit put spread. Key negatives: 1) The stock is still up 20% over two months, suggestin…
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Analyzing NKTR at $91.68 after a -5.05% drop. The stock is up 19.3% over two months, indicating a strong uptrend, but the recent sharp pullback creates a potential entry for a credit put spread. The hammer reversal signa…
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Analysis of NKTR indicates a PASS recommendation. The stock's -5.05% drop is notable, but the overall context is unfavorable for a credit put spread. Key negatives dominate: the stock is up 19.3% over two months, suggest…
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NKTR has seen a significant drop of -6.35% recently, which could indicate a buying opportunity. The stock is up 70.3% over the past two months, showing strong momentum. However, the Doji reversal signal suggests that a c…
AI analysis
Options Trading Expert · Apr 29, 2026
Analyzing NKTR at $85. 04 after a -5. 39% drop.
The stock is up 20% over two months, indicating a strong prior uptrend, but the recent sharp pullback suggests potential volatility. The provided 'Safety' score of 5/9 is mediocre, signaling moderate fundamental risk. The extremely low Implied Volatility (IV) of 5% is the primary deal-breaker for a credit spread strategy.
Credit put spreads profit from selling time decay (theta) and volatility contraction, but with IV already at rock-bottom levels, there is minimal premium to collect. The 'Bullish Engulfing' reversal signal is a positive technical factor, but it's insufficient to overcome the poor options market conditions. Attempting to structure a spread that meets the required credit/width ratio of >=0.
25 would force the sell strike too close to the current price, resulting in a high probability of assignment for minimal reward. The risk/reward is unfavorable. Given the low IV, the better trade would be to either buy options (though not our mandate here) or wait for a volatility expansion before selling premium.
Therefore, with my own capital, I would not enter this trade.