Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for INTERNATIONAL GAME TECH (IGT) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. IGT was recently trading at $10.94 and has an implied volatility of 69.23% for this period. Based on an analysis of the options available for IGT expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.18-$10.94 at expiration. In this scenario, the average linear return for the trade would be 33.41%. Big -8.57% Change: After closing the last trading session at $11.96, INTERNATIONAL GAME TECH opened today at $11.96 and has reached a low of $10.76. Trade approach: A movement as big as -8.57% is a significantly bearish indicator, so this trade is designed to be profitable if IGT maintains its current direction and does not revert back to pricing on the bullish side of $10.94 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 INTERNATIONAL GAME TECH closes at or below $10.95 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.29% 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.