Quantchabot has detected a new Covered Put trade opportunity for BRIGHTSPRING HEALTH SERVICES INC. (BTSG) for the 18-Jul-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
BTSG was recently trading at $21.65 and has an implied volatility of 51.27% for this period. Based on an analysis of the options available for BTSG expiring on 18-Jul-2025, there is a 34.19% likelihood that the underlying will close within the analyzed range of $18.41-$21.75 at expiration. In this scenario, the average linear return for the trade would be 13.70%.
Big -9.26% Change: After closing the last trading session at $23.86, BRIGHTSPRING HEALTH SERVICES INC. opened today at $23.67 and has reached a low of $20.52.
Trade approach: A movement as big as -9.26% is a significantly bearish indicator, so this trade is designed to be profitable if BTSG maintains its current direction and does not revert back to pricing on the bullish side of $21.65 on 18-Jul-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 BRIGHTSPRING HEALTH SERVICES INC. closes at or below $22.12 on 18-Jul-2025. Based on our risk-neutral analysis, there is a 54.03% 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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