Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for SYNEOS HEALTH INC. CLASS A COMMON STOCK (SYNH) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SYNH was recently trading at $56.31 and has an implied volatility of 50.03% for this period. Based on an analysis of the options available for SYNH expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $48.75-$56.32 at expiration. In this scenario, the average linear return for the trade would be 24.12%. Big -8.52% Change: After closing the last trading session at $61.56, SYNEOS HEALTH INC. CLASS A COMMON STOCK opened today at $57.99 and has reached a low of $56.25. Trade approach: A movement as big as -8.52% is a significantly bearish indicator, so this trade is designed to be profitable if SYNH maintains its current direction and does not revert back to pricing on the bullish side of $56.31 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 SYNEOS HEALTH INC. CLASS A COMMON STOCK closes at or below $57.05 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 53.54% 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.