Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for ALPHABET INC CLASS A (GOOGL) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GOOGL was recently trading at $1,044.46 and has an implied volatility of 62.04% for this period. Based on an analysis of the options available for GOOGL expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $886.08-$1,045.13 at expiration. In this scenario, the average linear return for the trade would be 88.80%. 52 week low: ALPHABET INC CLASS A recently reached a new 52-week low at $1,014.15. GOOGL had traded in the range $1,027.03-$1,530.74 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 GOOGL maintains its current direction and does not revert back to pricing on the bullish side of $1,044.46 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 ALPHABET INC CLASS A closes at or below $1,045.90 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 50.18% 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.