Quantchabot has detected a new Bear Put Spread trade opportunity for CALERES INC (CAL) for the 15-May-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CAL was recently trading at $12.28 and has an implied volatility of 74.97% for this period. Based on an analysis of the options available for CAL expiring on 15-May-2026, there is a 34.32% likelihood that the underlying will close within the analyzed range of $10.75-$12.29 at expiration. In this scenario, the average linear return for the trade would be 16.28%.
Big -8.60% Change: After closing the last trading session at $13.43, CALERES INC opened today at $13.33 and has reached a low of $12.20.
Trade approach: A movement as big as -8.60% is a significantly bearish indicator, so this trade is designed to be profitable if CAL maintains its current direction and does not revert back to pricing on the bullish side of $12.28 on 15-May-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 CALERES INC closes at or below $12.85 on 15-May-2026. Based on our risk-neutral analysis, there is a 63.16% 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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