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52-Week High Alert: Trading today’s movement in CH ROBINSON WORLDWIDE

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Quantchabot has detected a promising Bull Put Spread trade opportunity for CH ROBINSON WORLDWIDE (CHRW) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CHRW was recently trading at $103.64 and has an implied volatility of 27.52% for this period. Based on an analysis of the options available for CHRW expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $103.65-$112.35 at expiration. In this scenario, the average linear return for the trade would be 54.48%.

52 week high: CH ROBINSON WORLDWIDE recently reached a new 52-week high at $104.10. CHRW had traded in the range $56.94-$101.06 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 CHRW maintains its current direction and does not revert back to pricing on the bearish side of $103.64 on 16-Oct-2020. 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 CH ROBINSON WORLDWIDE closes at or above $103.15 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.41% 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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