Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for SEATTLE GENETICS (SGEN) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SGEN was recently trading at $144.79 and has an implied volatility of 42.64% for this period. Based on an analysis of the options available for SGEN expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $123.80-$144.81 at expiration. In this scenario, the average linear return for the trade would be 46.72%. 52 week low: SEATTLE GENETICS recently reached a new 52-week low at $134.10. SGEN had traded in the range $134.51-$213.94 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 SGEN maintains its current direction and does not revert back to pricing on the bullish side of $144.79 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 SEATTLE GENETICS closes at or below $145.20 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 50.68% 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.