Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for 3D SYSTEMS (DDD) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DDD was recently trading at $7.62 and has an implied volatility of 73.61% for this period. Based on an analysis of the options available for DDD expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $6.86-$7.62 at expiration. In this scenario, the average linear return for the trade would be 44.31%. Big -7.41% Change: After closing the last trading session at $8.23, 3D SYSTEMS opened today at $8.36 and has reached a low of $7.60. Trade approach: A movement as big as -7.41% is a significantly bearish indicator, so this trade is designed to be profitable if DDD maintains its current direction and does not revert back to pricing on the bullish side of $7.62 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 3D SYSTEMS closes at or below $7.65 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 51.49% 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.