Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for APPFOLIO INC. CLASS A COMMON STOCK (APPF) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. APPF was recently trading at $144.16 and has an implied volatility of 50.17% for this period. Based on an analysis of the options available for APPF expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $120.82-$144.17 at expiration. In this scenario, the average linear return for the trade would be 44.42%. Big -11.00% Change: After closing the last trading session at $161.97, APPFOLIO INC. CLASS A COMMON STOCK opened today at $153.36 and has reached a low of $140.13. Trade approach: A movement as big as -11.00% is a significantly bearish indicator, so this trade is designed to be profitable if APPF maintains its current direction and does not revert back to pricing on the bullish side of $144.16 on 16-Apr-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 APPFOLIO INC. CLASS A COMMON STOCK closes at or below $145.60 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 52.22% 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.