Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for ORMAT TECHNOLOGIES (ORA) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ORA was recently trading at $54.11 and has an implied volatility of 37.69% for this period. Based on an analysis of the options available for ORA expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $48.46-$54.12 at expiration. In this scenario, the average linear return for the trade would be 45.84%. Big -7.63% Change: After closing the last trading session at $58.58, ORMAT TECHNOLOGIES opened today at $59.22 and has reached a low of $54.02. Trade approach: A movement as big as -7.63% is a significantly bearish indicator, so this trade is designed to be profitable if ORA maintains its current direction and does not revert back to pricing on the bullish side of $54.11 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 ORMAT TECHNOLOGIES closes at or below $54.25 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.89% 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.