Quantchabot has detected a promising Bull Call Spread trade opportunity for FLEETCOR TECHNOLOGIES (FLT) for the 16-Jun-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
FLT was recently trading at $223.26 and has an implied volatility of 39.68% for this period. Based on an analysis of the options available for FLT expiring on 16-Jun-2023, there is a 34.18% likelihood that the underlying will close within the analyzed range of $224.55-$257.59 at expiration. In this scenario, the average linear return for the trade would be 10.52%.
Big 7.68% Change: After closing the last trading session at $207.34, FLEETCOR TECHNOLOGIES opened today at $223.15 and has reached a high of $226.94.
Trade approach: A movement as big as 7.68% is a significantly bullish indicator, so this trade is designed to be profitable if FLT maintains its current direction and does not revert back to pricing on the bearish side of $223.26 on 16-Jun-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 FLEETCOR TECHNOLOGIES closes at or above $224.15 on 16-Jun-2023. Based on our risk-neutral analysis, there is a 50.51% 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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