Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for GALAPAGOS NV AMERICAN DEPOSITARY SHARES (GLPG) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GLPG was recently trading at $97.17 and has an implied volatility of 51.56% for this period. Based on an analysis of the options available for GLPG expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $83.76-$97.18 at expiration. In this scenario, the average linear return for the trade would be 67.34%. Big -18.65% Change: After closing the last trading session at $119.45, GALAPAGOS NV AMERICAN DEPOSITARY SHARES opened today at $99.86 and has reached a low of $97.13. Trade approach: A movement as big as -18.65% is a significantly bearish indicator, so this trade is designed to be profitable if GLPG maintains its current direction and does not revert back to pricing on the bullish side of $97.17 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 GALAPAGOS NV AMERICAN DEPOSITARY SHARES closes at or below $97.30 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.32% 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.