52-Week High Alert: Trading today’s movement in SALESFORCE INC $CRM

Quantchabot has detected a promising Bull Call Spread trade opportunity for SALESFORCE INC (CRM) for the 26-May-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CRM was recently trading at $196.82 and has an implied volatility of 27.65% for this period. Based on an analysis of the options available for CRM expiring on 26-May-2023, there is a 34.24% likelihood that the underlying will close within the analyzed range of $197.41-$210.16 at expiration. In this scenario, the average linear return for the trade would be 10.26%.

52 week high: SALESFORCE INC recently reached a new 52-week high at $200.50. CRM had traded in the range $126.34-$200.12 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if CRM maintains its current direction and does not revert back to pricing on the bearish side of $196.82 on 26-May-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 SALESFORCE INC closes at or above $197.06 on 26-May-2023. Based on our risk-neutral analysis, there is a 51.11% 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