52-Week High Alert: Trading today’s movement in CRANE HOLDINGS CO $CR

Quantchabot has detected a promising Bull Call Spread trade opportunity for CRANE HOLDINGS CO (CR) for the 17-Mar-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CR was recently trading at $114.52 and has an implied volatility of 23.18% for this period. Based on an analysis of the options available for CR expiring on 17-Mar-2023, there is a 34.18% likelihood that the underlying will close within the analyzed range of $114.83-$125.30 at expiration. In this scenario, the average linear return for the trade would be 13.57%.

52 week high: CRANE HOLDINGS CO recently reached a new 52-week high at $115.55. CR had traded in the range $82.14-$114.87 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 CR maintains its current direction and does not revert back to pricing on the bearish side of $114.52 on 17-Mar-2023. 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 CRANE HOLDINGS CO closes at or above $114.40 on 17-Mar-2023. Based on our risk-neutral analysis, there is a 51.71% 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.