Quantchabot has detected a new Bear Call Spread trade opportunity for CRACKER BARREL OLD (CBRL) for the 21-Nov-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CBRL was recently trading at $33.81 and has an implied volatility of 55.15% for this period. Based on an analysis of the options available for CBRL expiring on 21-Nov-2025, there is a 34.23% likelihood that the underlying will close within the analyzed range of $29.54-$33.90 at expiration. In this scenario, the average linear return for the trade would be 77.93%.
52 week low: CRACKER BARREL OLD recently reached a new 52-week low at $33.17. CBRL had traded in the range $33.85-$71.93 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 CBRL maintains its current direction and does not revert back to pricing on the bullish side of $33.81 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 CRACKER BARREL OLD closes at or below $34.05 on 21-Nov-2025. Based on our risk-neutral analysis, there is a 51.32% 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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