Quantcha now offering unlimited commission-free options trading.
Quantchabot has detected a promising Bull Call Spread trade opportunity for HF SINCLAIR CORP (DINO) for the 17-Jun-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
DINO was recently trading at $47.13 and has an implied volatility of 51.05% for this period. Based on an analysis of the options available for DINO expiring on 17-Jun-2022, there is a 34.19% likelihood that the underlying will close within the analyzed range of $46.76-$54.85 at expiration. In this scenario, the average linear return for the trade would be 10.78%.
52 week high: HF SINCLAIR CORP recently reached a new 52-week high at $47.25. DINO had traded in the range $27.16-$46.39 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 DINO maintains its current direction and does not revert back to pricing on the bearish side of $47.13 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 bullish strategy, the trade would be profitable if HF SINCLAIR CORP closes at or above $46.35 on 17-Jun-2022. Based on our risk-neutral analysis, there is a 52.19% 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.