Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for LOOP INDUSTRIES INC. COMMON STOCK (LOOP) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LOOP was recently trading at $7.09 and has an implied volatility of 231.07% for this period. Based on an analysis of the options available for LOOP expiring on 16-Oct-2020, there is a 34.17% likelihood that the underlying will close within the analyzed range of $5.89-$7.09 at expiration. In this scenario, the average linear return for the trade would be 22.15%. Big -9.45% Change: After closing the last trading session at $7.83, LOOP INDUSTRIES INC. COMMON STOCK opened today at $7.53 and has reached a low of $7.05. Trade approach: A movement as big as -9.45% is a significantly bearish indicator, so this trade is designed to be profitable if LOOP maintains its current direction and does not revert back to pricing on the bullish side of $7.09 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 LOOP INDUSTRIES INC. COMMON STOCK closes at or below $7.15 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 51.81% 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.