Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for GUARDANT HEALTH INC (GH) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GH was recently trading at $76.75 and has an implied volatility of 56.43% for this period. Based on an analysis of the options available for GH expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $61.22-$76.93 at expiration. In this scenario, the average linear return for the trade would be 39.21%. Big -8.94% Change: After closing the last trading session at $84.29, GUARDANT HEALTH INC opened today at $80.00 and has reached a low of $75.80. Trade approach: A movement as big as -8.94% is a significantly bearish indicator, so this trade is designed to be profitable if GH maintains its current direction and does not revert back to pricing on the bullish side of $76.75 on 17-Apr-2020. 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 GUARDANT HEALTH INC closes at or below $77.90 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 52.18% 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.