Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Synthetic Short Stock trade opportunity for THOMA BRAVO ADVANTAGE (TBA) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TBA was recently trading at $10.17 and has an implied volatility of 13.75% for this period. Based on an analysis of the options available for TBA expiring on 21-May-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $9.63-$10.17 at expiration. In this scenario, the average linear return for the trade would be 12.92%. 52 week low: THOMA BRAVO ADVANTAGE recently reached a new 52-week low at $10.13. TBA had traded in the range $10.35-$13.19 over the past year. Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if TBA maintains its current direction and does not revert back to pricing on the bullish side of $10.17 on 21-May-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 THOMA BRAVO ADVANTAGE closes at or below $10.20 on 21-May-2021. Based on our risk-neutral analysis, there is a 52.01% 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.