Quantchabot has detected a new Bear Call Spread trade opportunity for NEXA RESOURCES S.A. (NEXA) for the 16-Oct-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
NEXA was recently trading at $13.90 and has an implied volatility of 65.35% for this period. Based on an analysis of the options available for NEXA expiring on 16-Oct-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $10.96-$13.97 at expiration. In this scenario, the average linear return for the trade would be 22.50%.
Big -10.78% Change: After closing the last trading session at $15.58, NEXA RESOURCES S.A. opened today at $14.90 and has reached a low of $13.74.
Trade approach: A movement as big as -10.78% is a significantly bearish indicator, so this trade is designed to be profitable if NEXA maintains its current direction and does not revert back to pricing on the bullish side of $13.90 on 16-Oct-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 NEXA RESOURCES S.A. closes at or below $15.25 on 16-Oct-2026. Based on our risk-neutral analysis, there is a 64.05% 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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