Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for MASTERCARD (MA) for the 24-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MA was recently trading at $246.92 and has an implied volatility of 70.63% for this period. Based on an analysis of the options available for MA expiring on 24-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $193.16-$246.76 at expiration. In this scenario, the average linear return for the trade would be 65.18%. Big -8.47% Change: After closing the last trading session at $269.76, MASTERCARD opened today at $244.53 and has reached a low of $244.45. Trade approach: A movement as big as -8.47% is a significantly bearish indicator, so this trade is designed to be profitable if MA maintains its current direction and does not revert back to pricing on the bullish side of $246.92 on 24-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 MASTERCARD closes at or below $248.00 on 24-Apr-2020. Based on our risk-neutral analysis, there is a 50.82% 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.