Rating
3.5 / 5
Recommendation
Open trade
Credit put spread analysis · · Good setup
IV Rank
64
Implied volatility percentile
Trend
0.91
Long-term trend score
Safety
5/8
Quality checks passed
Drop
-14.6%
Day 4 of drop
1Y Change
18.3%
Trailing 12 months
Earnings
Clear
No event in window
Recommended credit put spread
AI-suggested setup based on the latest screen. Expiration Mar 26, 2026.
Sell
$112.00
Short put (collects premium)
Buy
$106.00
Long put (caps risk)
- Width
- $6.00
- Estimated credit
- $4.50
- Max risk
- $1.50
- Return on risk
- 300.0%
- Expiration
- Mar 26, 2026
For entertainment purposes only. Not a recommendation to trade. Disclaimer.
Trade history on GPC
Every live credit put spread we've opened on this ticker — what was traded, when, and how it ended.
| Opened | Strikes (S/B) | Expiration | Credit | P/L | Outcome |
|---|---|---|---|---|---|
| Feb 19, 2026 | $112.00/$106.00 | Mar 26, 2026 | $4.50 | $1.54 | Win · expiration_proximity |
AI analysis
Options Trading Expert · Feb 17, 2026
The -14.56% drop in GPC presents a decent setup for a credit put spread, but there are some concerns. The stock is up 18.3% over 2 months, indicating strong momentum, and the trend is 91%, suggesting further upside potential. However, the safety rating is only 5/8, which is a bit lower than ideal. Given these factors, I recommend a conservative approach.
Let's consider a credit put spread with the following strikes: sellStrike at $112 (5% below current price), and buyStrike at $106 (5% below sellStrike). This spread width is around 5.3% of the current stock price, which is within the recommended range.
With a 30-day expiration date (2026-03-21) and current implied volatility of 64%, I estimate a credit of around $4.50 for this spread.
In summary, while there are some positive aspects to this trade, there are also reasons for caution. The recent drop in GPC's price could be a temporary correction or a sign of underlying weakness. Therefore, I recommend a moderately conservative approach with a credit put spread of $112/$106, expecting a credit of around $4.50.