Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for LENNOX INTERNATIONAL (LII) for the 14-Apr-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LII was recently trading at $256.11 and has an implied volatility of 29.15% for this period. Based on an analysis of the options available for LII expiring on 14-Apr-2022, there is a 34.18% likelihood that the underlying will close within the analyzed range of $228.33-$256.13 at expiration. In this scenario, the average linear return for the trade would be 33.74%. 52 week low: LENNOX INTERNATIONAL recently reached a new 52-week low at $254.87. LII had traded in the range $260.32-$356.36 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 LII maintains its current direction and does not revert back to pricing on the bullish side of $256.11 on 14-Apr-2022. 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 LENNOX INTERNATIONAL closes at or below $256.40 on 14-Apr-2022. Based on our risk-neutral analysis, there is a 50.37% 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.