Big Loser Alert: Trading today’s -18.8% move in WNS HOLDINGS $WNS

Quantchabot has detected a promising Covered Put trade opportunity for WNS HOLDINGS (WNS) for the 15-Dec-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

WNS was recently trading at $55.78 and has an implied volatility of 37.00% for this period. Based on an analysis of the options available for WNS expiring on 15-Dec-2023, there is a 34.17% likelihood that the underlying will close within the analyzed range of $48.59-$56.29 at expiration. In this scenario, the average linear return for the trade would be 14.02%.

Big -18.79% Change: After closing the last trading session at $68.69, WNS HOLDINGS opened today at $64.00 and has reached a low of $51.84.

Trade approach: A movement as big as -18.79% is a significantly bearish indicator, so this trade is designed to be profitable if WNS maintains its current direction and does not revert back to pricing on the bullish side of $55.78 on 15-Dec-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 WNS HOLDINGS closes at or below $56.60 on 15-Dec-2023. Based on our risk-neutral analysis, there is a 51.48% 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