Quantchabot has detected a new Covered Put trade opportunity for CALERES INC (CAL) for the 21-Nov-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CAL was recently trading at $11.24 and has an implied volatility of 80.20% for this period. Based on an analysis of the options available for CAL expiring on 21-Nov-2025, there is a 34.23% likelihood that the underlying will close within the analyzed range of $9.23-$11.27 at expiration. In this scenario, the average linear return for the trade would be 17.00%.
52 week low: CALERES INC recently reached a new 52-week low at $11.11. CAL had traded in the range $11.84-$33.24 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 CAL maintains its current direction and does not revert back to pricing on the bullish side of $11.24 on 21-Nov-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 CALERES INC closes at or below $11.48 on 21-Nov-2025. Based on our risk-neutral analysis, there is a 53.63% 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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