Quantchabot has detected a new Bull Call Spread trade opportunity for AUTOZONE (AZO) for the 17-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
AZO was recently trading at $3,662.43 and has an implied volatility of 24.29% for this period. Based on an analysis of the options available for AZO expiring on 17-Apr-2025, there is a 34.18% likelihood that the underlying will close within the analyzed range of $3,679.86-$3,982.72 at expiration. In this scenario, the average linear return for the trade would be 11.24%.
52 week high: AUTOZONE recently reached a new 52-week high at $3,670.47. AZO had traded in the range $2,728.97-$3,636.96 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if AZO maintains its current direction and does not revert back to pricing on the bearish side of $3,662.43 on 17-Apr-2025. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if AUTOZONE closes at or above $3,564.12 on 17-Apr-2025. Based on our risk-neutral analysis, there is a 65.71% 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.