Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for NATIONAL FUEL GAS CO (NFG) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NFG was recently trading at $40.18 and has an implied volatility of 34.45% for this period. Based on an analysis of the options available for NFG expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $37.45-$40.18 at expiration. In this scenario, the average linear return for the trade would be 17.46%. 52 week low: NATIONAL FUEL GAS CO recently reached a new 52-week low at $39.80. NFG had traded in the range $40.03-$46.05 over the past year. Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if NFG maintains its current direction and does not revert back to pricing on the bullish side of $40.18 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 NATIONAL FUEL GAS CO closes at or below $40.75 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 57.88% 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.