Quantcha now offering unlimited commission-free options trading.
Quantchabot has detected a promising Bull Put Spread trade opportunity for BLACKSTONE INC (BX) for the 22-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
BX was recently trading at $131.31 and has an implied volatility of 27.03% for this period. Based on an analysis of the options available for BX expiring on 22-Oct-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $131.32-$143.34 at expiration. In this scenario, the average linear return for the trade would be 50.79%.
52 week high: BLACKSTONE INC recently reached a new 52-week high at $131.41. BX had traded in the range $49.26-$130.89 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if BX maintains its current direction and does not revert back to pricing on the bearish side of $131.31 on 22-Oct-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if BLACKSTONE INC closes at or above $131.17 on 22-Oct-2021. Based on our risk-neutral analysis, there is a 50.53% 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.