Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for WINNEBAGO INDUSTRIES (WGO) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WGO was recently trading at $47.47 and has an implied volatility of 61.06% for this period. Based on an analysis of the options available for WGO expiring on 20-Nov-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $40.05-$47.48 at expiration. In this scenario, the average linear return for the trade would be 55.53%. Big -7.14% Change: After closing the last trading session at $51.12, WINNEBAGO INDUSTRIES opened today at $51.49 and has reached a low of $47.30. Trade approach: A movement as big as -7.14% is a significantly bearish indicator, so this trade is designed to be profitable if WGO maintains its current direction and does not revert back to pricing on the bullish side of $47.47 on 20-Nov-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 WINNEBAGO INDUSTRIES closes at or below $48.85 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 56.66% 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.