Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for CLOROX (CLX) for the 29-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CLX was recently trading at $162.63 and has an implied volatility of 19.88% for this period. Based on an analysis of the options available for CLX expiring on 29-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $156.42-$161.47 at expiration. In this scenario, the average linear return for the trade would be 80.25%. 52 week low: CLOROX recently reached a new 52-week low at $159.31. CLX had traded in the range $159.32-$231.11 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 CLX maintains its current direction and does not revert back to pricing on the bullish side of $162.63 on 29-Oct-2021. 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 CLOROX closes at or below $161.80 on 29-Oct-2021. Based on our risk-neutral analysis, there is a 52.53% 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.