52-Week Low Alert: Trading today’s movement in FIRST REPUBLIC BANK (SAN $FRC

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

FRC was recently trading at $49.55 and has an implied volatility of 355.17% for this period. Based on an analysis of the options available for FRC expiring on 17-Mar-2023, there is a 34.71% likelihood that the underlying will close within the analyzed range of $34.68-$49.57 at expiration. In this scenario, the average linear return for the trade would be 16.51%.

52 week low: FIRST REPUBLIC BANK (SAN recently reached a new 52-week low at $42.56. FRC had traded in the range $45.00-$174.21 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 FRC maintains its current direction and does not revert back to pricing on the bullish side of $49.55 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 FIRST REPUBLIC BANK (SAN closes at or below $49.75 on 17-Mar-2023. Based on our risk-neutral analysis, there is a 50.41% 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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