52-Week Low Alert: Trading today’s movement in BLACKSTONE INC $BX

Quantchabot has detected a promising Bear Call Spread trade opportunity for BLACKSTONE INC (BX) for the 14-Oct-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BX was recently trading at $85.57 and has an implied volatility of 50.53% for this period. Based on an analysis of the options available for BX expiring on 14-Oct-2022, there is a 34.23% likelihood that the underlying will close within the analyzed range of $75.57-$85.71 at expiration. In this scenario, the average linear return for the trade would be 19.82%.

52 week low: BLACKSTONE INC recently reached a new 52-week low at $84.11. BX had traded in the range $86.97-$149.78 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 BX maintains its current direction and does not revert back to pricing on the bullish side of $85.57 on 14-Oct-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 BLACKSTONE INC closes at or below $85.76 on 14-Oct-2022. Based on our risk-neutral analysis, there is a 50.19% 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.