Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for UBER TECHNOLOGIES INC (UBER) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UBER was recently trading at $31.89 and has an implied volatility of 56.09% for this period. Based on an analysis of the options available for UBER expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $25.84-$31.96 at expiration. In this scenario, the average linear return for the trade would be 72.02%. Big -7.43% Change: After closing the last trading session at $34.45, UBER TECHNOLOGIES INC opened today at $32.03 and has reached a low of $30.67. Trade approach: A movement as big as -7.43% is a significantly bearish indicator, so this trade is designed to be profitable if UBER maintains its current direction and does not revert back to pricing on the bullish side of $31.89 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 UBER TECHNOLOGIES INC closes at or below $32.30 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 51.98% 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.