Quantchabot has detected a new Bear Call Spread trade opportunity for ADVANCED DRAINAGE SYSTEMS INC (WMS) for the 17-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
WMS was recently trading at $148.81 and has an implied volatility of 38.44% for this period. Based on an analysis of the options available for WMS expiring on 17-Apr-2026, there is a 34.20% likelihood that the underlying will close within the analyzed range of $130.90-$149.50 at expiration. In this scenario, the average linear return for the trade would be 63.90%.
Big -7.61% Change: After closing the last trading session at $161.07, ADVANCED DRAINAGE SYSTEMS INC opened today at $159.22 and has reached a low of $148.31.
Trade approach: A movement as big as -7.61% is a significantly bearish indicator, so this trade is designed to be profitable if WMS maintains its current direction and does not revert back to pricing on the bullish side of $148.81 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 ADVANCED DRAINAGE SYSTEMS INC closes at or below $150.10 on 17-Apr-2026. Based on our risk-neutral analysis, there is a 51.22% 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.
Leave a Reply
You must be logged in to post a comment.