Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for GENERAL ELECTRIC (GE) for the 23-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GE was recently trading at $6.26 and has an implied volatility of 51.18% for this period. Based on an analysis of the options available for GE expiring on 23-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $5.37-$6.25 at expiration. In this scenario, the average linear return for the trade would be 47.81%. Big -9.01% Change: After closing the last trading session at $6.88, GENERAL ELECTRIC opened today at $6.63 and has reached a low of $6.26. Trade approach: A movement as big as -9.01% is a significantly bearish indicator, so this trade is designed to be profitable if GE maintains its current direction and does not revert back to pricing on the bullish side of $6.26 on 23-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 GENERAL ELECTRIC closes at or below $6.35 on 23-Oct-2020. Based on our risk-neutral analysis, there is a 54.11% 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.