Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for CAMPBELL SOUP (CPB) for the 27-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CPB was recently trading at $44.22 and has an implied volatility of 21.80% for this period. Based on an analysis of the options available for CPB expiring on 27-Aug-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $40.98-$44.22 at expiration. In this scenario, the average linear return for the trade would be 41.48%. 52 week low: CAMPBELL SOUP recently reached a new 52-week low at $43.82. CPB had traded in the range $44.53-$54.08 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 CPB maintains its current direction and does not revert back to pricing on the bullish side of $44.22 on 27-Aug-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 CAMPBELL SOUP closes at or below $44.30 on 27-Aug-2021. Based on our risk-neutral analysis, there is a 50.95% 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.