52-Week Low Alert: Trading today’s movement in LOGITECH INTERNATIONAL $LOGI

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Quantchabot has detected a promising Bear Call Spread trade opportunity for LOGITECH INTERNATIONAL (LOGI) for the 17-Jun-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

LOGI was recently trading at $64.02 and has an implied volatility of 43.55% for this period. Based on an analysis of the options available for LOGI expiring on 17-Jun-2022, there is a 34.18% likelihood that the underlying will close within the analyzed range of $54.90-$64.05 at expiration. In this scenario, the average linear return for the trade would be 42.45%.

52 week low: LOGITECH INTERNATIONAL recently reached a new 52-week low at $62.32. LOGI had traded in the range $63.29-$140.17 over the past year.

Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if LOGI maintains its current direction and does not revert back to pricing on the bullish side of $64.02 on 17-Jun-2022. 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 LOGITECH INTERNATIONAL closes at or below $64.25 on 17-Jun-2022. Based on our risk-neutral analysis, there is a 50.80% 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.