Quantchabot has detected a new Bull Call Spread trade opportunity for CASEY’S GENERAL STORES (CASY) for the 21-Feb-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CASY was recently trading at $436.44 and has an implied volatility of 18.53% for this period. Based on an analysis of the options available for CASY expiring on 21-Feb-2025, there is a 34.42% likelihood that the underlying will close within the analyzed range of $436.91-$449.59 at expiration. In this scenario, the average linear return for the trade would be 14.09%.
52 week high: CASEY’S GENERAL STORES recently reached a new 52-week high at $440.06. CASY had traded in the range $279.99-$439.68 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 CASY maintains its current direction and does not revert back to pricing on the bearish side of $436.44 on 21-Feb-2025. 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 CASEY’S GENERAL STORES closes at or above $435.90 on 21-Feb-2025. Based on our risk-neutral analysis, there is a 53.21% 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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