Quantchabot has detected a new Bear Call Spread trade opportunity for NEWMARKET (NEU) for the 20-Mar-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
NEU was recently trading at $619.01 and has an implied volatility of 31.26% for this period. Based on an analysis of the options available for NEU expiring on 20-Mar-2026, there is a 34.21% likelihood that the underlying will close within the analyzed range of $562.78-$621.36 at expiration. In this scenario, the average linear return for the trade would be 29.86%.
Big -11.29% Change: After closing the last trading session at $697.76, NEWMARKET opened today at $704.20 and has reached a low of $595.40.
Trade approach: A movement as big as -11.29% is a significantly bearish indicator, so this trade is designed to be profitable if NEU maintains its current direction and does not revert back to pricing on the bullish side of $619.01 on 20-Mar-2026. 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 NEWMARKET closes at or below $622.20 on 20-Mar-2026. Based on our risk-neutral analysis, there is a 50.55% 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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