Quantchabot has detected a new Bull Call Spread trade opportunity for ALLEGHENY TECHNOLOGIES (ATI) for the 17-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ATI was recently trading at $146.28 and has an implied volatility of 40.94% for this period. Based on an analysis of the options available for ATI expiring on 17-Apr-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $147.19-$173.67 at expiration. In this scenario, the average linear return for the trade would be 10.99%.
52 week high: ALLEGHENY TECHNOLOGIES recently reached a new 52-week high at $146.46. ATI had traded in the range $39.23-$144.50 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 ATI maintains its current direction and does not revert back to pricing on the bearish side of $146.28 on 17-Apr-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 ALLEGHENY TECHNOLOGIES closes at or above $142.30 on 17-Apr-2026. Based on our risk-neutral analysis, there is a 58.10% 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.
Leave a Reply
You must be logged in to post a comment.