Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for AMERICAN AIRLINES GROUP INC. C (AAL) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AAL was recently trading at $12.49 and has an implied volatility of 85.38% for this period. Based on an analysis of the options available for AAL expiring on 17-Jul-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $11.88-$12.50 at expiration. In this scenario, the average linear return for the trade would be 47.06%. Big -7.03% Change: After closing the last trading session at $13.44, AMERICAN AIRLINES GROUP INC. C opened today at $12.80 and has reached a low of $12.40. Trade approach: A movement as big as -7.03% is a significantly bearish indicator, so this trade is designed to be profitable if AAL maintains its current direction and does not revert back to pricing on the bullish side of $12.49 on 17-Jul-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 AMERICAN AIRLINES GROUP INC. C closes at or below $12.66 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 60.27% 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.