Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for ORACLE CORP (ORCL) for the 6-Mar-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ORCL was recently trading at $47.24 and has an implied volatility of 68.39% for this period. Based on an analysis of the options available for ORCL expiring on 6-Mar-2020, there is a 34.23% likelihood that the underlying will close within the analyzed range of $46.24-$47.24 at expiration. In this scenario, the average linear return for the trade would be 11.11%. 52 week low: ORACLE CORP recently reached a new 52-week low at $46.52. ORCL had traded in the range $47.90-$60.50 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 ORCL maintains its current direction and does not revert back to pricing on the bullish side of $47.24 on 6-Mar-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 ORACLE CORP closes at or below $47.60 on 6-Mar-2020. Based on our risk-neutral analysis, there is a 63.86% 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.