Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for ROGERS (ROG) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ROG was recently trading at $170.63 and has an implied volatility of 44.77% for this period. Based on an analysis of the options available for ROG expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $147.35-$170.65 at expiration. In this scenario, the average linear return for the trade would be 44.16%. Big -7.08% Change: After closing the last trading session at $183.64, ROGERS opened today at $180.50 and has reached a low of $169.07. Trade approach: A movement as big as -7.08% is a significantly bearish indicator, so this trade is designed to be profitable if ROG maintains its current direction and does not revert back to pricing on the bullish side of $170.63 on 19-Feb-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 ROGERS closes at or below $171.00 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.55% 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.