52-Week High Alert: Trading today’s movement in CINTAS $CTAS

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Quantchabot has detected a promising Bull Call Spread trade opportunity for CINTAS (CTAS) for the 17-Dec-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CTAS was recently trading at $411.41 and has an implied volatility of 22.89% for this period. Based on an analysis of the options available for CTAS expiring on 17-Dec-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $411.48-$453.01 at expiration. In this scenario, the average linear return for the trade would be 44.45%.

52 week high: CINTAS recently reached a new 52-week high at $411.91. CTAS had traded in the range $311.69-$409.80 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 CTAS maintains its current direction and does not revert back to pricing on the bearish side of $411.41 on 17-Dec-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 CINTAS closes at or above $410.00 on 17-Dec-2021. Based on our risk-neutral analysis, there is a 51.49% 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.