The automated Quantcha Trade Ideas Service has detected a promising trade opportunity for ASHLAND GLOBAL HOLDINGS INC () for the 20-Oct-2017 expiration period. You can analyze the opportunity in depth over at the .
ASH was recently trading at $60.56 and has an implied volatility of 20.85% for this period. Based on an analysis of the options available for ASH expiring on 20-Oct-2017, there is a 34.14% likelihood that the underlying will close within the analyzed range of $55.15-$60.68 at expiration. In this scenario, the average linear return for the trade would be 50.19%.
52 week low: ASHLAND GLOBAL HOLDINGS INC recently reached a new 52-week low at $60.14. ASH had traded in the range $60.27-$128.19 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 ASH maintains its current direction and does not revert back to pricing on the bullish side of $60.56 on 20-Oct-2017. 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 ASHLAND GLOBAL HOLDINGS INC closes at or below $61.70 on 20-Oct-2017. Based on our risk-neutral analysis, there is a 56.96% 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 .
This is an automated post generated based on a market analysis of delayed data at 8/11/2017 12:37:48 PM ET. The analysis does not include brokerage fees or commissions and is not investment advice.