Quantchabot has detected a new Bull Call Spread trade opportunity for FIRST BANCORP. NEW (FBP) for the 18-Sep-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
FBP was recently trading at $29.63 and has an implied volatility of 27.28% for this period. Based on an analysis of the options available for FBP expiring on 18-Sep-2026, there is a 34.19% likelihood that the underlying will close within the analyzed range of $29.54-$32.17 at expiration. In this scenario, the average linear return for the trade would be 13.79%.
52 week high: FIRST BANCORP. NEW recently reached a new 52-week high at $29.78. FBP had traded in the range $19.16-$29.41 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 FBP maintains its current direction and does not revert back to pricing on the bearish side of $29.63 on 18-Sep-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 FIRST BANCORP. NEW closes at or above $29.35 on 18-Sep-2026. Based on our risk-neutral analysis, there is a 53.04% 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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