Quantchabot has detected a new Bear Call Spread trade opportunity for CBOE GLOBAL MARKETS INC (CBOE) for the 17-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CBOE was recently trading at $273.75 and has an implied volatility of 37.69% for this period. Based on an analysis of the options available for CBOE expiring on 17-Jul-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $240.75-$275.05 at expiration. In this scenario, the average linear return for the trade would be 24.96%.
Big -9.05% Change: After closing the last trading session at $300.99, CBOE GLOBAL MARKETS INC opened today at $298.50 and has reached a low of $269.98.
Trade approach: A movement as big as -9.05% is a significantly bearish indicator, so this trade is designed to be profitable if CBOE maintains its current direction and does not revert back to pricing on the bullish side of $273.75 on 17-Jul-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 CBOE GLOBAL MARKETS INC closes at or below $275.30 on 17-Jul-2026. Based on our risk-neutral analysis, there is a 50.28% 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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