Quantchabot has detected a new Bear Call Spread trade opportunity for CHECK POINT SOFTWARE (CHKP) for the 17-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CHKP was recently trading at $160.04 and has an implied volatility of 34.41% for this period. Based on an analysis of the options available for CHKP expiring on 17-Apr-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $140.41-$161.00 at expiration. In this scenario, the average linear return for the trade would be 50.46%.
52 week low: CHECK POINT SOFTWARE recently reached a new 52-week low at $159.66. CHKP had traded in the range $161.00-$234.35 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 CHKP maintains its current direction and does not revert back to pricing on the bullish side of $160.04 on 17-Apr-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 CHECK POINT SOFTWARE closes at or below $161.25 on 17-Apr-2026. Based on our risk-neutral analysis, there is a 50.46% 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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