Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for SUNPOWER (SPWR) for the 23-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPWR was recently trading at $15.60 and has an implied volatility of 108.45% for this period. Based on an analysis of the options available for SPWR expiring on 23-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $12.89-$15.60 at expiration. In this scenario, the average linear return for the trade would be 55.44%. Big -10.49% Change: After closing the last trading session at $17.43, SUNPOWER opened today at $17.66 and has reached a low of $15.50. Trade approach: A movement as big as -10.49% is a significantly bearish indicator, so this trade is designed to be profitable if SPWR maintains its current direction and does not revert back to pricing on the bullish side of $15.60 on 23-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 SUNPOWER closes at or below $15.68 on 23-Oct-2020. Based on our risk-neutral analysis, there is a 51.04% 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.