Quantchabot has detected a new Bull Call Spread trade opportunity for CALIFORNIA RESOURCES CORP (CRC) for the 17-Oct-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CRC was recently trading at $57.36 and has an implied volatility of 36.24% for this period. Based on an analysis of the options available for CRC expiring on 17-Oct-2025, there is a 34.19% likelihood that the underlying will close within the analyzed range of $57.58-$64.17 at expiration. In this scenario, the average linear return for the trade would be 19.05%.
Big 8.21% Change: After closing the last trading session at $53.01, CALIFORNIA RESOURCES CORP opened today at $53.73 and has reached a high of $57.39.
Trade approach: A movement as big as 8.21% is a significantly bullish indicator, so this trade is designed to be profitable if CRC maintains its current direction and does not revert back to pricing on the bearish side of $57.36 on 17-Oct-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 CALIFORNIA RESOURCES CORP closes at or above $56.30 on 17-Oct-2025. Based on our risk-neutral analysis, there is a 58.25% 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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