52-Week Low Alert: Trading today’s movement in QUALTRICS INTERNATIONAL INC. CLASS A COMMON STOCK $XM

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Quantchabot has detected a promising Bear Call Spread trade opportunity for QUALTRICS INTERNATIONAL INC. CLASS A COMMON STOCK (XM) for the 17-Jun-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

XM was recently trading at $18.87 and has an implied volatility of 66.70% for this period. Based on an analysis of the options available for XM expiring on 17-Jun-2022, there is a 34.18% likelihood that the underlying will close within the analyzed range of $14.91-$18.88 at expiration. In this scenario, the average linear return for the trade would be 10.15%.

52 week low: QUALTRICS INTERNATIONAL INC. CLASS A COMMON STOCK recently reached a new 52-week low at $18.08. XM had traded in the range $18.45-$49.03 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 XM maintains its current direction and does not revert back to pricing on the bullish side of $18.87 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 QUALTRICS INTERNATIONAL INC. CLASS A COMMON STOCK closes at or below $19.10 on 17-Jun-2022. Based on our risk-neutral analysis, there is a 51.97% 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.