Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for HOLOGIC (HOLX) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HOLX was recently trading at $67.03 and has an implied volatility of 33.48% for this period. Based on an analysis of the options available for HOLX expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $59.20-$67.04 at expiration. In this scenario, the average linear return for the trade would be 37.84%. Big -7.42% Change: After closing the last trading session at $72.40, HOLOGIC opened today at $69.25 and has reached a low of $66.11. Trade approach: A movement as big as -7.42% is a significantly bearish indicator, so this trade is designed to be profitable if HOLX maintains its current direction and does not revert back to pricing on the bullish side of $67.03 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 HOLOGIC closes at or below $67.95 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 54.31% 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.