Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for ANHEUSER-BUSCH INBEV (BUD) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BUD was recently trading at $60.73 and has an implied volatility of 35.04% for this period. Based on an analysis of the options available for BUD expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $54.16-$60.87 at expiration. In this scenario, the average linear return for the trade would be 63.36%. Big -8.39% Change: After closing the last trading session at $66.29, ANHEUSER-BUSCH INBEV opened today at $60.65 and has reached a low of $60.43. Trade approach: A movement as big as -8.39% is a significantly bearish indicator, so this trade is designed to be profitable if BUD maintains its current direction and does not revert back to pricing on the bullish side of $60.73 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 ANHEUSER-BUSCH INBEV closes at or below $61.98 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 56.17% 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.