Big Gainer Alert: Trading today’s 17.5% move in KEYCORP $KEY

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

KEY was recently trading at $13.37 and has an implied volatility of 178.40% for this period. Based on an analysis of the options available for KEY expiring on 17-Mar-2023, there is a 34.70% likelihood that the underlying will close within the analyzed range of $13.38-$16.02 at expiration. In this scenario, the average linear return for the trade would be 14.29%.

Big 17.49% Change: After closing the last trading session at $11.38, KEYCORP opened today at $13.59 and has reached a high of $13.74.

Trade approach: A movement as big as 17.49% is a significantly bullish indicator, so this trade is designed to be profitable if KEY maintains its current direction and does not revert back to pricing on the bearish side of $13.37 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 KEYCORP closes at or above $12.50 on 17-Mar-2023. Based on our risk-neutral analysis, there is a 64.98% 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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