Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for BOEING (BA) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BA was recently trading at $214.09 and has an implied volatility of 83.93% for this period. Based on an analysis of the options available for BA expiring on 17-Apr-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $163.80-$214.25 at expiration. In this scenario, the average linear return for the trade would be 75.65%. Big -7.33% Change: After closing the last trading session at $231.01, BOEING opened today at $222.99 and has reached a low of $213.29. Trade approach: A movement as big as -7.33% is a significantly bearish indicator, so this trade is designed to be profitable if BA maintains its current direction and does not revert back to pricing on the bullish side of $214.09 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 BOEING closes at or below $214.40 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 50.11% 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.