Quantchabot has detected a new Bear Put Spread trade opportunity for OLLIES BARGAIN OUTLET HOLDINGS INC. (OLLI) for the 15-May-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
OLLI was recently trading at $76.25 and has an implied volatility of 50.63% for this period. Based on an analysis of the options available for OLLI expiring on 15-May-2026, there is a 34.73% likelihood that the underlying will close within the analyzed range of $72.55-$76.27 at expiration. In this scenario, the average linear return for the trade would be 13.48%.
52 week low: OLLIES BARGAIN OUTLET HOLDINGS INC. recently reached a new 52-week low at $74.40. OLLI had traded in the range $80.51-$141.74 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 OLLI maintains its current direction and does not revert back to pricing on the bullish side of $76.25 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 OLLIES BARGAIN OUTLET HOLDINGS INC. closes at or below $76.40 on 15-May-2026. Based on our risk-neutral analysis, there is a 51.37% 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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