Quantchabot has detected a new Covered Put trade opportunity for LA-Z-BOY (LZB) for the 20-Nov-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
LZB was recently trading at $28.73 and has an implied volatility of 55.28% for this period. Based on an analysis of the options available for LZB expiring on 20-Nov-2026, there is a 34.20% likelihood that the underlying will close within the analyzed range of $24.57-$28.83 at expiration. In this scenario, the average linear return for the trade would be 12.63%.
52 week low: LA-Z-BOY recently reached a new 52-week low at $28.58. LZB had traded in the range $28.79-$44.90 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 LZB maintains its current direction and does not revert back to pricing on the bullish side of $28.73 on 20-Nov-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 LA-Z-BOY closes at or below $28.83 on 20-Nov-2026. Based on our risk-neutral analysis, there is a 50.00% 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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