Quantchabot has detected a new Long Risk Reversal trade opportunity for PROG HOLDINGS INC (PRG) for the 17-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PRG was recently trading at $40.06 and has an implied volatility of 34.90% for this period. Based on an analysis of the options available for PRG expiring on 17-Apr-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $40.30-$46.30 at expiration. In this scenario, the average linear return for the trade would be 15.97%.
Big 10.91% Change: After closing the last trading session at $36.12, PROG HOLDINGS INC opened today at $36.90 and has reached a high of $41.14.
Trade approach: A movement as big as 10.91% is a significantly bullish indicator, so this trade is designed to be profitable if PRG maintains its current direction and does not revert back to pricing on the bearish side of $40.06 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 bullish strategy, the trade would be profitable if PROG HOLDINGS INC closes at or above $38.65 on 17-Apr-2026. Based on our risk-neutral analysis, there is a 61.86% 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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