52-Week High Alert: Trading today’s movement in CITIZENS FINANCIAL GROUP INC $CFG

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Quantchabot has detected a promising Bull Put Spread trade opportunity for CITIZENS FINANCIAL GROUP INC (CFG) for the 17-Dec-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CFG was recently trading at $50.86 and has an implied volatility of 26.20% for this period. Based on an analysis of the options available for CFG expiring on 17-Dec-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $50.86-$54.34 at expiration. In this scenario, the average linear return for the trade would be 46.44%.

52 week high: CITIZENS FINANCIAL GROUP INC recently reached a new 52-week high at $51.54. CFG had traded in the range $32.58-$51.14 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 CFG maintains its current direction and does not revert back to pricing on the bearish side of $50.86 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 CITIZENS FINANCIAL GROUP INC closes at or above $50.60 on 17-Dec-2021. Based on our risk-neutral analysis, there is a 53.12% 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.