Quantchabot has detected a new Bull Put Spread trade opportunity for ALASKA AIR GROUP (ALK) for the 17-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ALK was recently trading at $42.89 and has an implied volatility of 60.39% for this period. Based on an analysis of the options available for ALK expiring on 17-Apr-2026, there is a 34.71% likelihood that the underlying will close within the analyzed range of $42.91-$45.57 at expiration. In this scenario, the average linear return for the trade would be 10.29%.
Big 7.31% Change: After closing the last trading session at $39.97, ALASKA AIR GROUP opened today at $40.66 and has reached a high of $43.36.
Trade approach: A movement as big as 7.31% is a significantly bullish indicator, so this trade is designed to be profitable if ALK maintains its current direction and does not revert back to pricing on the bearish side of $42.89 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 ALASKA AIR GROUP closes at or above $41.80 on 17-Apr-2026. Based on our risk-neutral analysis, there is a 67.14% 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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