Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for EXP WORLD HOLDINGS INC. COMMON STOCK (EXPI) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EXPI was recently trading at $40.52 and has an implied volatility of 86.53% for this period. Based on an analysis of the options available for EXPI expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.82-$40.52 at expiration. In this scenario, the average linear return for the trade would be 39.87%. Big -7.00% Change: After closing the last trading session at $43.57, EXP WORLD HOLDINGS INC. COMMON STOCK opened today at $42.43 and has reached a low of $40.03. Trade approach: A movement as big as -7.00% is a significantly bearish indicator, so this trade is designed to be profitable if EXPI maintains its current direction and does not revert back to pricing on the bullish side of $40.52 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 EXP WORLD HOLDINGS INC. COMMON STOCK closes at or below $41.45 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 57.30% 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.