Quantchabot has detected a new Bear Call Spread trade opportunity for HECLA MINING (HL) for the 13-Feb-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
HL was recently trading at $21.21 and has an implied volatility of 94.74% for this period. Based on an analysis of the options available for HL expiring on 13-Feb-2026, there is a 34.44% likelihood that the underlying will close within the analyzed range of $18.34-$21.23 at expiration. In this scenario, the average linear return for the trade would be 33.41%.
Big -8.22% Change: After closing the last trading session at $23.11, HECLA MINING opened today at $21.75 and has reached a low of $21.11.
Trade approach: A movement as big as -8.22% is a significantly bearish indicator, so this trade is designed to be profitable if HL maintains its current direction and does not revert back to pricing on the bullish side of $21.21 on 13-Feb-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 HECLA MINING closes at or below $21.24 on 13-Feb-2026. Based on our risk-neutral analysis, there is a 50.15% 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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