CE
Celanese
Rating 4.2 / 5 Recommendation Open trade

Credit put spread analysis · · Good setup

IV Rank
100
Implied volatility percentile
Trend
0.46
Long-term trend score
Safety
6/9
Quality checks passed
Drop
-6.0%
Day 2 of drop
1Y Change
8.7%
Trailing 12 months
Earnings
Clear
No event in window

AI analysis

The stock's sharp 5. 99% drop presents a compelling entry point for a moderately aggressive credit put spread. With the stock at $59.

47, it has still shown an 8. 7% gain over two months, suggesting underlying strength despite the recent pullback. The high Implied Volatility (IV) of 100% is a key positive, as it allows us to sell elevated premium, increasing our potential credit.

The safety score of 6/9 is acceptable for our risk profile, and the absence of a reversal signal suggests the drop may be a temporary correction rather than the start of a new downtrend. The 35-40 day expiration window is ideal for theta decay to work in our favor. Calculating a sell strike 5% below the current price gives us a target of ~$56.

50. A $2. 50 wide spread provides a manageable defined risk.

With high IV, we can target a credit that meets our minimum 0. 25 credit-to-width ratio. The primary risk is the stock's recent volatility and moderate safety score, but the high premium available and the stock's overall positive two-month trend justify an OPEN recommendation for a trader willing to take moderate risk.

Recommended credit put spread

AI-suggested setup based on the latest screen. Expiration Jun 18, 2026.

Sell
$55.00
Short put (collects premium)
Buy
$50.00
Long put (caps risk)
Width
$5.00
Estimated credit
$1.32
Max risk
$3.68
Return on risk
35.9%
Expiration
Jun 18, 2026

For entertainment purposes only. Not a recommendation to trade. Disclaimer.

Trade history on CE

Every live credit put spread we've opened on this ticker — what was traded, when, and how it ended.

OpenedStrikes (S/B)ExpirationCreditP/LOutcome
Mar 3, 2026 $47.00/$42.00 Apr 9, 2026 $2.75 $0.93 Win · price_increase

Earlier analyses

  1. 4.2/5 Open trade

    The stock's sharp -9.98% drop presents a classic 'oversold bounce' opportunity for a credit put spread. With a current price of $59.55, the stock is still up 7.4% over two months, suggesting the long-term trend isn't bro…

  2. 2.8/5 Pass

    Analyzing CE after a significant -9.98% single-day drop. The stock is at $56.13 with high Implied Volatility (IV) of 70%, which is attractive for selling premium. However, the Safety score is a concerning 7 out of 9, ind…

  3. 2.5/5 Hold

    The stock's sharp -9.98% single-day drop on high IV (68%) creates a tempting premium environment for selling puts. However, the setup is weak for a credit put spread. The drop itself is a significant bearish event, and w…

  4. 3.5/5 Open trade

    The stock experienced a significant single-day drop of -9.98%, which creates a potential volatility crush opportunity for a credit put spread. The current price of $62.12, combined with high Implied Volatility (IV) of 87…

  5. 4.5/5 Open trade

    The -9.23% drop presents a strong opportunity for a credit put spread. The stock is up 26.8% over the past 2 months and has a trend of 85%, indicating a strong bullish sentiment despite the drop. The safety rating of 7/9…