Quantchabot has detected a promising Bear Put Spread trade opportunity for CROWN CASTLE INC (CCI) for the 15-Sep-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CCI was recently trading at $96.23 and has an implied volatility of 31.41% for this period. Based on an analysis of the options available for CCI expiring on 15-Sep-2023, there is a 34.71% likelihood that the underlying will close within the analyzed range of $91.76-$94.71 at expiration. In this scenario, the average linear return for the trade would be 14.94%.
52 week low: CROWN CASTLE INC recently reached a new 52-week low at $96.21. CCI had traded in the range $97.94-$177.78 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 CCI maintains its current direction and does not revert back to pricing on the bullish side of $96.23 on 15-Sep-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 CROWN CASTLE INC closes at or below $95.65 on 15-Sep-2023. Based on our risk-neutral analysis, there is a 62.46% 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.