Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for MYOVANT SCIENCES LTD (MYOV) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MYOV was recently trading at $14.47 and has an implied volatility of 93.88% for this period. Based on an analysis of the options available for MYOV expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $11.87-$14.47 at expiration. In this scenario, the average linear return for the trade would be 23.19%. Big -7.53% Change: After closing the last trading session at $15.65, MYOVANT SCIENCES LTD opened today at $16.00 and has reached a low of $14.36. Trade approach: A movement as big as -7.53% is a significantly bearish indicator, so this trade is designed to be profitable if MYOV maintains its current direction and does not revert back to pricing on the bullish side of $14.47 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 MYOVANT SCIENCES LTD closes at or below $14.55 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 51.08% 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.