52-Week Low Alert: Trading today’s movement in KEYSIGHT TECHNOLOGIES INC $KEYS

Quantchabot has detected a promising Bear Call Spread trade opportunity for KEYSIGHT TECHNOLOGIES INC (KEYS) for the 17-Nov-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

KEYS was recently trading at $125.09 and has an implied volatility of 30.59% for this period. Based on an analysis of the options available for KEYS expiring on 17-Nov-2023, there is a 34.21% likelihood that the underlying will close within the analyzed range of $115.17-$125.67 at expiration. In this scenario, the average linear return for the trade would be 37.89%.

52 week low: KEYSIGHT TECHNOLOGIES INC recently reached a new 52-week low at $125.05. KEYS had traded in the range $125.89-$189.45 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 KEYS maintains its current direction and does not revert back to pricing on the bullish side of $125.09 on 17-Nov-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 KEYSIGHT TECHNOLOGIES INC closes at or below $126.05 on 17-Nov-2023. Based on our risk-neutral analysis, there is a 51.38% 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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