Quantchabot has detected a new Bull Call Spread trade opportunity for CHORD ENERGY CORPORATION COMMON STOCK (CHRD) for the 16-Oct-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CHRD was recently trading at $150.47 and has an implied volatility of 37.09% for this period. Based on an analysis of the options available for CHRD expiring on 16-Oct-2026, there is a 34.19% likelihood that the underlying will close within the analyzed range of $151.06-$169.90 at expiration. In this scenario, the average linear return for the trade would be 10.98%.
52 week high: CHORD ENERGY CORPORATION COMMON STOCK recently reached a new 52-week high at $154.00. CHRD had traded in the range $84.25-$153.00 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if CHRD maintains its current direction and does not revert back to pricing on the bearish side of $150.47 on 16-Oct-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 CHORD ENERGY CORPORATION COMMON STOCK closes at or above $148.10 on 16-Oct-2026. Based on our risk-neutral analysis, there is a 56.69% 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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