Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for CUREVAC N.V. (CVAC) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CVAC was recently trading at $49.73 and has an implied volatility of 109.16% for this period. Based on an analysis of the options available for CVAC expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $45.57-$49.73 at expiration. In this scenario, the average linear return for the trade would be 23.46%. Big -9.72% Change: After closing the last trading session at $55.08, CUREVAC N.V. opened today at $53.00 and has reached a low of $49.69. Trade approach: A movement as big as -9.72% is a significantly bearish indicator, so this trade is designed to be profitable if CVAC maintains its current direction and does not revert back to pricing on the bullish side of $49.73 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 CUREVAC N.V. closes at or below $50.95 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 60.99% 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.