Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for AMKOR TECHNOLOGY (AMKR) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AMKR was recently trading at $22.20 and has an implied volatility of 47.40% for this period. Based on an analysis of the options available for AMKR expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $18.55-$22.20 at expiration. In this scenario, the average linear return for the trade would be 42.68%. Big -7.15% Change: After closing the last trading session at $23.91, AMKOR TECHNOLOGY opened today at $23.72 and has reached a low of $22.12. Trade approach: A movement as big as -7.15% is a significantly bearish indicator, so this trade is designed to be profitable if AMKR maintains its current direction and does not revert back to pricing on the bullish side of $22.20 on 18-Jun-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 AMKOR TECHNOLOGY closes at or below $22.35 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 51.46% 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.