Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for CONTEXTLOGIC INC. CLASS A COMMON STOCK (WISH) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WISH was recently trading at $13.44 and has an implied volatility of 66.82% for this period. Based on an analysis of the options available for WISH expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $12.23-$13.44 at expiration. In this scenario, the average linear return for the trade would be 35.51%. 52 week low: CONTEXTLOGIC INC. CLASS A COMMON STOCK recently reached a new 52-week low at $13.30. WISH had traded in the range $14.26-$32.85 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 WISH maintains its current direction and does not revert back to pricing on the bullish side of $13.44 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 CONTEXTLOGIC INC. CLASS A COMMON STOCK closes at or below $13.45 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.31% 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.