Quantchabot has detected a new Bull Put Spread trade opportunity for PAR PACIFIC HLDGS INC (PARR) for the 17-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PARR was recently trading at $66.43 and has an implied volatility of 54.84% for this period. Based on an analysis of the options available for PARR expiring on 17-Jul-2026, there is a 34.35% likelihood that the underlying will close within the analyzed range of $66.50-$72.72 at expiration. In this scenario, the average linear return for the trade would be 20.81%.
Big 8.09% Change: After closing the last trading session at $61.46, PAR PACIFIC HLDGS INC opened today at $63.92 and has reached a high of $67.46.
Trade approach: A movement as big as 8.09% is a significantly bullish indicator, so this trade is designed to be profitable if PARR maintains its current direction and does not revert back to pricing on the bearish side of $66.43 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 bullish strategy, the trade would be profitable if PAR PACIFIC HLDGS INC closes at or above $66.45 on 17-Jul-2026. Based on our risk-neutral analysis, there is a 50.31% 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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