Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for TATA MOTORS (TTM) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TTM was recently trading at $11.03 and has an implied volatility of 51.23% for this period. Based on an analysis of the options available for TTM expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.64-$11.03 at expiration. In this scenario, the average linear return for the trade would be 30.08%. Big -9.43% Change: After closing the last trading session at $12.18, TATA MOTORS opened today at $11.15 and has reached a low of $11.02. Trade approach: A movement as big as -9.43% is a significantly bearish indicator, so this trade is designed to be profitable if TTM maintains its current direction and does not revert back to pricing on the bullish side of $11.03 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 TATA MOTORS closes at or below $11.05 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.46% 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.