Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for CHARGEPOINT HOLDINGS INC (CHPT) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CHPT was recently trading at $28.20 and has an implied volatility of 101.58% for this period. Based on an analysis of the options available for CHPT expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $23.99-$28.20 at expiration. In this scenario, the average linear return for the trade would be 43.59%. Big -9.30% Change: After closing the last trading session at $31.09, CHARGEPOINT HOLDINGS INC opened today at $30.50 and has reached a low of $28.16. Trade approach: A movement as big as -9.30% is a significantly bearish indicator, so this trade is designed to be profitable if CHPT maintains its current direction and does not revert back to pricing on the bullish side of $28.20 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 CHARGEPOINT HOLDINGS INC closes at or below $28.61 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 53.55% 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.