Quantchabot has detected a new Bear Call Spread trade opportunity for PAYCHEX (PAYX) for the 20-Mar-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PAYX was recently trading at $107.69 and has an implied volatility of 25.93% for this period. Based on an analysis of the options available for PAYX expiring on 20-Mar-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $96.61-$107.28 at expiration. In this scenario, the average linear return for the trade would be 21.27%.
52 week low: PAYCHEX recently reached a new 52-week low at $107.62. PAYX had traded in the range $107.80-$161.24 over the past year.
Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if PAYX maintains its current direction and does not revert back to pricing on the bullish side of $107.69 on 20-Mar-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if PAYCHEX closes at or below $107.40 on 20-Mar-2026. Based on our risk-neutral analysis, there is a 50.43% 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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