Big Loser Alert: Trading today’s -15.4% move in HUNTINGTON BANCSHARES $HBAN

Quantchabot has detected a promising Bear Call Spread trade opportunity for HUNTINGTON BANCSHARES (HBAN) for the 17-Mar-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

HBAN was recently trading at $11.31 and has an implied volatility of 174.04% for this period. Based on an analysis of the options available for HBAN expiring on 17-Mar-2023, there is a 34.58% likelihood that the underlying will close within the analyzed range of $9.17-$11.16 at expiration. In this scenario, the average linear return for the trade would be 34.30%.

Big -15.37% Change: After closing the last trading session at $13.37, HUNTINGTON BANCSHARES opened today at $11.96 and has reached a low of $10.56.

Trade approach: A movement as big as -15.37% is a significantly bearish indicator, so this trade is designed to be profitable if HBAN maintains its current direction and does not revert back to pricing on the bullish side of $11.31 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 bearish strategy, the trade would be profitable if HUNTINGTON BANCSHARES closes at or below $11.30 on 17-Mar-2023. Based on our risk-neutral analysis, there is a 52.54% 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.






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