Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for EDITAS MEDICINE INC. COMMON STOCK (EDIT) for the 30-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EDIT was recently trading at $36.75 and has an implied volatility of 76.77% for this period. Based on an analysis of the options available for EDIT expiring on 30-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $31.55-$36.75 at expiration. In this scenario, the average linear return for the trade would be 37.02%. Big -10.32% Change: After closing the last trading session at $40.98, EDITAS MEDICINE INC. COMMON STOCK opened today at $38.27 and has reached a low of $36.10. Trade approach: A movement as big as -10.32% is a significantly bearish indicator, so this trade is designed to be profitable if EDIT maintains its current direction and does not revert back to pricing on the bullish side of $36.75 on 30-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 EDITAS MEDICINE INC. COMMON STOCK closes at or below $36.85 on 30-Apr-2021. Based on our risk-neutral analysis, there is a 50.70% 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.