Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for GROWGENERATION CORP. COMMON STOCK (GRWG) for the 6-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GRWG was recently trading at $42.01 and has an implied volatility of 67.70% for this period. Based on an analysis of the options available for GRWG expiring on 6-Aug-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.41-$42.01 at expiration. In this scenario, the average linear return for the trade would be 57.06%. Big -8.17% Change: After closing the last trading session at $45.75, GROWGENERATION CORP. COMMON STOCK opened today at $45.75 and has reached a low of $41.73. Trade approach: A movement as big as -8.17% is a significantly bearish indicator, so this trade is designed to be profitable if GRWG maintains its current direction and does not revert back to pricing on the bullish side of $42.01 on 6-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 GROWGENERATION CORP. COMMON STOCK closes at or below $42.14 on 6-Aug-2021. Based on our risk-neutral analysis, there is a 50.71% 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.