Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for GENERAL MOTORS (GM) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GM was recently trading at $32.25 and has an implied volatility of 32.90% for this period. Based on an analysis of the options available for GM expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $28.45-$31.94 at expiration. In this scenario, the average linear return for the trade would be 97.24%. 52 week low: GENERAL MOTORS recently reached a new 52-week low at $31.95. GM had traded in the range $32.79-$41.90 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 GM maintains its current direction and does not revert back to pricing on the bullish side of $32.25 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 GENERAL MOTORS closes at or below $32.06 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 51.25% 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.