52-Week Low Alert: Trading today’s movement in METTLER-TOLEDO INTL $MTD

Quantchabot has detected a promising Bear Call Spread trade opportunity for METTLER-TOLEDO INTL (MTD) for the 19-Jan-2024 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MTD was recently trading at $1,028.88 and has an implied volatility of 31.59% for this period. Based on an analysis of the options available for MTD expiring on 19-Jan-2024, there is a 34.16% likelihood that the underlying will close within the analyzed range of $889.79-$1,044.26 at expiration. In this scenario, the average linear return for the trade would be 47.80%.

52 week low: METTLER-TOLEDO INTL recently reached a new 52-week low at $1,019.56. MTD had traded in the range $1,028.56-$1,615.97 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 MTD maintains its current direction and does not revert back to pricing on the bullish side of $1,028.88 on 19-Jan-2024. 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 METTLER-TOLEDO INTL closes at or below $1,047.00 on 19-Jan-2024. Based on our risk-neutral analysis, there is a 50.66% 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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