Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for ANGI HOMESVCS (ANGI) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ANGI was recently trading at $12.56 and has an implied volatility of 78.89% for this period. Based on an analysis of the options available for ANGI expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $9.60-$12.56 at expiration. In this scenario, the average linear return for the trade would be 38.84%. Big -7.12% Change: After closing the last trading session at $13.52, ANGI HOMESVCS opened today at $13.35 and has reached a low of $11.89. Trade approach: A movement as big as -7.12% is a significantly bearish indicator, so this trade is designed to be profitable if ANGI maintains its current direction and does not revert back to pricing on the bullish side of $12.56 on 16-Oct-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 ANGI HOMESVCS closes at or below $13.20 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 57.34% 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.