Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for PLUG POWER (PLUG) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PLUG was recently trading at $15.05 and has an implied volatility of 81.59% for this period. Based on an analysis of the options available for PLUG expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $13.21-$15.05 at expiration. In this scenario, the average linear return for the trade would be 62.48%. Big -7.61% Change: After closing the last trading session at $16.29, PLUG POWER opened today at $16.25 and has reached a low of $14.81. Trade approach: A movement as big as -7.61% is a significantly bearish indicator, so this trade is designed to be profitable if PLUG maintains its current direction and does not revert back to pricing on the bullish side of $15.05 on 30-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 PLUG POWER closes at or below $15.13 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 51.71% 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.