52-Week High Alert: Trading today’s movement in DUKE REALTY $DRE

Quantcha now offering unlimited commission-free options trading.

Quantchabot has detected a promising Bull Put Spread trade opportunity for DUKE REALTY (DRE) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DRE was recently trading at $59.40 and has an implied volatility of 19.48% for this period. Based on an analysis of the options available for DRE expiring on 21-Jan-2022, there is a 34.13% likelihood that the underlying will close within the analyzed range of $59.41-$64.22 at expiration. In this scenario, the average linear return for the trade would be 39.52%.

52 week high: DUKE REALTY recently reached a new 52-week high at $59.46. DRE had traded in the range $37.54-$59.33 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 DRE maintains its current direction and does not revert back to pricing on the bearish side of $59.40 on 21-Jan-2022. 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 DUKE REALTY closes at or above $58.55 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 57.42% 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.