Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for BLACKBERRY LIMITED COMMON STOC (BB) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BB was recently trading at $14.07 and has an implied volatility of 123.47% for this period. Based on an analysis of the options available for BB expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $11.68-$14.07 at expiration. In this scenario, the average linear return for the trade would be 46.84%. Big -7.19% Change: After closing the last trading session at $15.16, BLACKBERRY LIMITED COMMON STOC opened today at $14.75 and has reached a low of $13.92. Trade approach: A movement as big as -7.19% is a significantly bearish indicator, so this trade is designed to be profitable if BB maintains its current direction and does not revert back to pricing on the bullish side of $14.07 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 BLACKBERRY LIMITED COMMON STOC closes at or below $14.16 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 51.36% 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.