52-Week Low Alert: Trading today’s movement in MARKETAXESS HOLDINGS $MKTX

Quantchabot has detected a new Bear Call Spread trade opportunity for MARKETAXESS HOLDINGS (MKTX) for the 21-Jun-2024 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MKTX was recently trading at $194.22 and has an implied volatility of 32.52% for this period. Based on an analysis of the options available for MKTX expiring on 21-Jun-2024, there is a 34.33% likelihood that the underlying will close within the analyzed range of $184.03-$194.54 at expiration. In this scenario, the average linear return for the trade would be 24.20%.

52 week low: MARKETAXESS HOLDINGS recently reached a new 52-week low at $192.91. MKTX had traded in the range $195.01-$297.97 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 MKTX maintains its current direction and does not revert back to pricing on the bullish side of $194.22 on 21-Jun-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 MARKETAXESS HOLDINGS closes at or below $195.35 on 21-Jun-2024. Based on our risk-neutral analysis, there is a 53.01% 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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