If BEKE Price Stays Inside $24 to $27 Range This Iron Condor Will Yield 79%


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This BEKE Iron Condor Can Net 79% in 7 Days

Outlook is neutral, with stock confined to a span of ±7%

Strategy has +79% ROI potential and 29% overvalued


Expiration11-Oct-24
Buy20 Put
Sell23.5 Put
Sell27 Call
Buy30.5 Call
Credit:$1.54


Ke Holdings American Depositary Shares (Each Representing Three Class A Ordinary Shares) has increased by +3.7% today to $24.25. Over the last two weeks, the stock has traded between $13.91 and $23.41. Based on historical stock price behavior, this spread for BEKE has a theoretical 79% success rate.

Option Profit Calculator for BEKE Iron Condor at 11-Oct-24 Expiration

If BEKE stock price at expiration is between $23.50 and $27.00, this spread has a 79% upside potential

As you can see in the chart above, the most profitable outcome is for BEKE stock price to close between $23.50 and $27.00 at the October 11, 2024 expiration. Within that price range, all of the options will expire worthless, and you'd keep the original $1.54 credit you received at the time of the trade.

The maximum gain will be realized if the stock price is between $23.50 and $27.00. The maximum gain is $1.54

The maximum loss would occur if the stock price at expiration is below $20.00 or above $30.50. The maximum loss is $1.96

BEKE Spread Current Market Price vs. Historical Average

BEKE Iron Condor is trading at a 29% premium to historical average.

Using historical data to measure how a similar spread in BEKE was priced in the market, the 4-year average value was 1.19, with a high mark of 2.17 and a low of 0.70.

Currently, this iron condor is bid at 1.54 and offered at 2.48. The midpoint of the spread is 2.01.

If we use 1.19 as our historical fair value benchmark, the current market bid price is at a 29% premium, while the current market midpoint represents a 69% premium.

Current PriceHistorical Values of Similar Iron Condors
BidAskMidpointAverageHighLow
1.542.482.011.192.170.70
Market Chameleon captures daily records of market data to calculate historical benchmarks and generate estimated values.

See how Market Chameleon can help you make smarter and more efficient trades!



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NOTE: Stock and option trading involves risk that may not be suitable for all investors. Examples contained within this report are simulated And may have limitations. Average returns and occurrences are calculated from snapshots of market mid-point prices And were Not actually executed, so they do not reflect actual trades, fees, or execution costs. This report is for informational purposes only, and is not intended to be a recommendation to buy or sell any security. Neither Market Chameleon nor any other party makes warranties regarding results from its usage. Past performance does not guarantee future results. Please consult a financial advisor before executing any trades. You can read more about option risks and characteristics at theocc.com.


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