Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for REVOLVE GROUP INC (RVLV) for the 14-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RVLV was recently trading at $46.62 and has an implied volatility of 80.60% for this period. Based on an analysis of the options available for RVLV expiring on 14-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $37.87-$46.62 at expiration. In this scenario, the average linear return for the trade would be 56.73%. Big -7.17% Change: After closing the last trading session at $50.22, REVOLVE GROUP INC opened today at $50.18 and has reached a low of $45.67. Trade approach: A movement as big as -7.17% is a significantly bearish indicator, so this trade is designed to be profitable if RVLV maintains its current direction and does not revert back to pricing on the bullish side of $46.62 on 14-May-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 REVOLVE GROUP INC closes at or below $47.00 on 14-May-2021. Based on our risk-neutral analysis, there is a 51.54% 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.