Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for GOOSEHEAD INSURANCE INC. CLASS A COMMON STOCK (GSHD) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GSHD was recently trading at $102.05 and has an implied volatility of 61.04% for this period. Based on an analysis of the options available for GSHD expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $91.65-$102.05 at expiration. In this scenario, the average linear return for the trade would be 20.15%. Big -8.06% Change: After closing the last trading session at $111.00, GOOSEHEAD INSURANCE INC. CLASS A COMMON STOCK opened today at $108.03 and has reached a low of $101.75. Trade approach: A movement as big as -8.06% is a significantly bearish indicator, so this trade is designed to be profitable if GSHD maintains its current direction and does not revert back to pricing on the bullish side of $102.05 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 GOOSEHEAD INSURANCE INC. CLASS A COMMON STOCK closes at or below $103.55 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 55.38% 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.