Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for VIRTU FINANCIAL INC. CLASS A COMMON STOCK (VIRT) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VIRT was recently trading at $29.05 and has an implied volatility of 37.14% for this period. Based on an analysis of the options available for VIRT expiring on 16-Jul-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $25.80-$29.05 at expiration. In this scenario, the average linear return for the trade would be 26.51%. Big -7.66% Change: After closing the last trading session at $31.46, VIRTU FINANCIAL INC. CLASS A COMMON STOCK opened today at $31.36 and has reached a low of $28.82. Trade approach: A movement as big as -7.66% is a significantly bearish indicator, so this trade is designed to be profitable if VIRT maintains its current direction and does not revert back to pricing on the bullish side of $29.05 on 16-Jul-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 VIRTU FINANCIAL INC. CLASS A COMMON STOCK closes at or below $29.20 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 51.70% 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.