52-Week High Alert: Trading today’s movement in GRUPO AEROPORTUARIO DEL $ASR

Quantchabot has detected a promising Bull Put Spread trade opportunity for GRUPO AEROPORTUARIO DEL (ASR) for the 17-Feb-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ASR was recently trading at $292.76 and has an implied volatility of 25.29% for this period. Based on an analysis of the options available for ASR expiring on 17-Feb-2023, there is a 34.24% likelihood that the underlying will close within the analyzed range of $293.68-$313.26 at expiration. In this scenario, the average linear return for the trade would be 16.44%.

52 week high: GRUPO AEROPORTUARIO DEL recently reached a new 52-week high at $292.76. ASR had traded in the range $179.01-$291.24 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 ASR maintains its current direction and does not revert back to pricing on the bearish side of $292.76 on 17-Feb-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 GRUPO AEROPORTUARIO DEL closes at or above $293.30 on 17-Feb-2023. Based on our risk-neutral analysis, there is a 50.78% 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.