Quantchabot has detected a new Bear Call Spread trade opportunity for PPG INDUSTRIES (PPG) for the 21-Mar-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PPG was recently trading at $112.36 and has an implied volatility of 21.15% for this period. Based on an analysis of the options available for PPG expiring on 21-Mar-2025, there is a 34.19% likelihood that the underlying will close within the analyzed range of $104.13-$112.32 at expiration. In this scenario, the average linear return for the trade would be 92.39%.
52 week low: PPG INDUSTRIES recently reached a new 52-week low at $110.20. PPG had traded in the range $113.00-$145.60 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 PPG maintains its current direction and does not revert back to pricing on the bullish side of $112.36 on 21-Mar-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 PPG INDUSTRIES closes at or below $112.55 on 21-Mar-2025. Based on our risk-neutral analysis, there is a 51.09% 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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