Quantchabot has detected a new Bear Call Spread trade opportunity for CELESTICA (CLS) for the 24-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CLS was recently trading at $412.25 and has an implied volatility of 80.10% for this period. Based on an analysis of the options available for CLS expiring on 24-Jul-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $307.46-$414.41 at expiration. In this scenario, the average linear return for the trade would be 114.63%.
Big -10.02% Change: After closing the last trading session at $458.14, CELESTICA opened today at $419.70 and has reached a low of $401.08.
Trade approach: A movement as big as -10.02% is a significantly bearish indicator, so this trade is designed to be profitable if CLS maintains its current direction and does not revert back to pricing on the bullish side of $412.25 on 24-Jul-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 CELESTICA closes at or below $414.90 on 24-Jul-2026. Based on our risk-neutral analysis, there is a 50.16% 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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