52-Week High Alert: Trading today’s movement in KINSALE CAPITAL GROUP INC $KNSL

Quantchabot has detected a promising Bull Call Spread trade opportunity for KINSALE CAPITAL GROUP INC (KNSL) for the 20-Oct-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

KNSL was recently trading at $451.08 and has an implied volatility of 19.75% for this period. Based on an analysis of the options available for KNSL expiring on 20-Oct-2023, there is a 34.90% likelihood that the underlying will close within the analyzed range of $451.27-$458.95 at expiration. In this scenario, the average linear return for the trade would be 20.39%.

52 week high: KINSALE CAPITAL GROUP INC recently reached a new 52-week high at $452.12. KNSL had traded in the range $250.90-$447.90 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 KNSL maintains its current direction and does not revert back to pricing on the bearish side of $451.08 on 20-Oct-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 KINSALE CAPITAL GROUP INC closes at or above $450.60 on 20-Oct-2023. Based on our risk-neutral analysis, there is a 53.55% 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