Quantchabot has detected a new Bear Call Spread trade opportunity for O’REILLY AUTOMOTIVE (ORLY) for the 17-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ORLY was recently trading at $87.14 and has an implied volatility of 29.96% for this period. Based on an analysis of the options available for ORLY expiring on 17-Apr-2026, there is a 34.21% likelihood that the underlying will close within the analyzed range of $80.37-$87.40 at expiration. In this scenario, the average linear return for the trade would be 71.94%.
52 week low: O’REILLY AUTOMOTIVE recently reached a new 52-week low at $86.77. ORLY had traded in the range $86.79-$108.72 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 ORLY maintains its current direction and does not revert back to pricing on the bullish side of $87.14 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 O’REILLY AUTOMOTIVE closes at or below $88.30 on 17-Apr-2026. Based on our risk-neutral analysis, there is a 54.88% 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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