Quantchabot has detected a new Bear Call Spread trade opportunity for OLD DOMINION FREIGHT LNS (ODFL) for the 17-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ODFL was recently trading at $164.85 and has an implied volatility of 43.90% for this period. Based on an analysis of the options available for ODFL expiring on 17-Apr-2025, there is a 34.19% likelihood that the underlying will close within the analyzed range of $144.07-$165.60 at expiration. In this scenario, the average linear return for the trade would be 24.64%.
52 week low: OLD DOMINION FREIGHT LNS recently reached a new 52-week low at $164.06. ODFL had traded in the range $165.49-$233.26 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 ODFL maintains its current direction and does not revert back to pricing on the bullish side of $164.85 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 bearish strategy, the trade would be profitable if OLD DOMINION FREIGHT LNS closes at or below $165.60 on 17-Apr-2025. Based on our risk-neutral analysis, there is a 50.01% 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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