Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for LENDINGTREE INC. COMMON STOCK (TREE) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TREE was recently trading at $293.53 and has an implied volatility of 45.07% for this period. Based on an analysis of the options available for TREE expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $244.81-$293.59 at expiration. In this scenario, the average linear return for the trade would be 49.70%. Big -9.48% Change: After closing the last trading session at $324.28, LENDINGTREE INC. COMMON STOCK opened today at $294.00 and has reached a low of $291.71. Trade approach: A movement as big as -9.48% is a significantly bearish indicator, so this trade is designed to be profitable if TREE maintains its current direction and does not revert back to pricing on the bullish side of $293.53 on 15-Jan-2021. 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 LENDINGTREE INC. COMMON STOCK closes at or below $294.60 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.75% 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.