52-Week Low Alert: Trading today’s movement in FIDELITY NATIONAL FINANCIAL IN $FNF

Quantchabot has detected a promising Bear Put Spread trade opportunity for FIDELITY NATIONAL FINANCIAL IN (FNF) for the 21-Apr-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

FNF was recently trading at $32.16 and has an implied volatility of 36.87% for this period. Based on an analysis of the options available for FNF expiring on 21-Apr-2023, there is a 34.19% likelihood that the underlying will close within the analyzed range of $28.78-$32.30 at expiration. In this scenario, the average linear return for the trade would be 25.80%.

52 week low: FIDELITY NATIONAL FINANCIAL IN recently reached a new 52-week low at $32.01. FNF had traded in the range $32.76-$50.50 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 FNF maintains its current direction and does not revert back to pricing on the bullish side of $32.16 on 21-Apr-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 FIDELITY NATIONAL FINANCIAL IN closes at or below $32.70 on 21-Apr-2023. Based on our risk-neutral analysis, there is a 54.31% 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.






Leave a Reply