Quantchabot has detected a new Bear Call Spread trade opportunity for ASTRANA HEALTH INC. (ASTH) for the 21-Feb-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ASTH was recently trading at $32.81 and has an implied volatility of 48.41% for this period. Based on an analysis of the options available for ASTH expiring on 21-Feb-2025, there is a 34.18% likelihood that the underlying will close within the analyzed range of $27.31-$33.05 at expiration. In this scenario, the average linear return for the trade would be 20.43%.
52 week low: ASTRANA HEALTH INC. recently reached a new 52-week low at $32.54. ASTH had traded in the range $32.58-$63.20 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 ASTH maintains its current direction and does not revert back to pricing on the bullish side of $32.81 on 21-Feb-2025. 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 ASTRANA HEALTH INC. closes at or below $35.50 on 21-Feb-2025. Based on our risk-neutral analysis, there is a 64.65% 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
You must be logged in to post a comment.