Quantchabot has detected a new Bull Call Spread trade opportunity for STERIS PLC (STE) for the 16-Jan-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
STE was recently trading at $267.51 and has an implied volatility of 17.67% for this period. Based on an analysis of the options available for STE expiring on 16-Jan-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $269.08-$287.59 at expiration. In this scenario, the average linear return for the trade would be 10.17%.
52 week high: STERIS PLC recently reached a new 52-week high at $268.31. STE had traded in the range $200.98-$268.30 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 STE maintains its current direction and does not revert back to pricing on the bearish side of $267.51 on 16-Jan-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 STERIS PLC closes at or above $268.80 on 16-Jan-2026. Based on our risk-neutral analysis, there is a 50.62% 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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