Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for AMC NETWORKS (AMCX) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AMCX was recently trading at $22.08 and has an implied volatility of 86.19% for this period. Based on an analysis of the options available for AMCX expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $18.98-$22.09 at expiration. In this scenario, the average linear return for the trade would be 21.95%. 52 week low: AMC NETWORKS recently reached a new 52-week low at $20.88. AMCX had traded in the range $21.03-$61.13 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 AMCX maintains its current direction and does not revert back to pricing on the bullish side of $22.08 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 AMC NETWORKS closes at or below $22.95 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 60.00% 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.