Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for NUCOR (NUE) for the 9-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NUE was recently trading at $45.35 and has an implied volatility of 37.11% for this period. Based on an analysis of the options available for NUE expiring on 9-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $41.37-$44.95 at expiration. In this scenario, the average linear return for the trade would be 78.48%. Big -7.79% Change: After closing the last trading session at $49.18, NUCOR opened today at $48.19 and has reached a low of $45.30. Trade approach: A movement as big as -7.79% is a significantly bearish indicator, so this trade is designed to be profitable if NUE maintains its current direction and does not revert back to pricing on the bullish side of $45.35 on 9-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 NUCOR closes at or below $45.00 on 9-Oct-2020. Based on our risk-neutral analysis, there is a 50.50% 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.