Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for KROGER (KR) for the 5-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KR was recently trading at $35.49 and has an implied volatility of 58.64% for this period. Based on an analysis of the options available for KR expiring on 5-Mar-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $29.51-$35.49 at expiration. In this scenario, the average linear return for the trade would be 61.29%. Big -8.41% Change: After closing the last trading session at $38.75, KROGER opened today at $37.68 and has reached a low of $35.49. Trade approach: A movement as big as -8.41% is a significantly bearish indicator, so this trade is designed to be profitable if KR maintains its current direction and does not revert back to pricing on the bullish side of $35.49 on 5-Mar-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 KROGER closes at or below $35.88 on 5-Mar-2021. Based on our risk-neutral analysis, there is a 52.33% 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.