Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for JINKOSOLAR HOLDING (JKS) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. JKS was recently trading at $44.51 and has an implied volatility of 84.59% for this period. Based on an analysis of the options available for JKS expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $38.60-$44.51 at expiration. In this scenario, the average linear return for the trade would be 57.61%. Big -7.89% Change: After closing the last trading session at $48.32, JINKOSOLAR HOLDING opened today at $47.76 and has reached a low of $44.22. Trade approach: A movement as big as -7.89% is a significantly bearish indicator, so this trade is designed to be profitable if JKS maintains its current direction and does not revert back to pricing on the bullish side of $44.51 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 JINKOSOLAR HOLDING closes at or below $44.60 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.58% 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.