Big Loser Alert: Trading today’s -7.7% move in FLEETCOR TECHNOLOGIES $FLT

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Quantchabot has detected a promising Bear Call Spread trade opportunity for FLEETCOR TECHNOLOGIES (FLT) for the 20-Mar-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

FLT was recently trading at $303.61 and has an implied volatility of 26.83% for this period. Based on an analysis of the options available for FLT expiring on 20-Mar-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $281.02-$304.20 at expiration. In this scenario, the average linear return for the trade would be 50.36%.

Big -7.68% Change: After closing the last trading session at $328.85, FLEETCOR TECHNOLOGIES opened today at $310.01 and has reached a low of $303.27.

Trade approach: A movement as big as -7.68% is a significantly bearish indicator, so this trade is designed to be profitable if FLT maintains its current direction and does not revert back to pricing on the bullish side of $303.61 on 20-Mar-2020. 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 FLEETCOR TECHNOLOGIES closes at or below $307.00 on 20-Mar-2020. Based on our risk-neutral analysis, there is a 54.59% 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 Quantcha Options Search Engine.