Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for CRISPR THERAPEUTICS AG COMMON SHARES (CRSP) for the 23-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CRSP was recently trading at $97.41 and has an implied volatility of 85.01% for this period. Based on an analysis of the options available for CRSP expiring on 23-Oct-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $90.92-$97.41 at expiration. In this scenario, the average linear return for the trade would be 37.98%. Big -8.71% Change: After closing the last trading session at $106.70, CRISPR THERAPEUTICS AG COMMON SHARES opened today at $91.27 and has reached a low of $91.00. Trade approach: A movement as big as -8.71% is a significantly bearish indicator, so this trade is designed to be profitable if CRSP maintains its current direction and does not revert back to pricing on the bullish side of $97.41 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 CRISPR THERAPEUTICS AG COMMON SHARES closes at or below $97.60 on 23-Oct-2020. Based on our risk-neutral analysis, there is a 51.15% 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.