Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for OATLY GROUP AB AMERICAN DEPOSITARY SHARES (OTLY) for the 20-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. OTLY was recently trading at $19.02 and has an implied volatility of 71.09% for this period. Based on an analysis of the options available for OTLY expiring on 20-Aug-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $15.20-$19.02 at expiration. In this scenario, the average linear return for the trade would be 43.83%. Big -7.42% Change: After closing the last trading session at $20.54, OATLY GROUP AB AMERICAN DEPOSITARY SHARES opened today at $20.00 and has reached a low of $18.76. Trade approach: A movement as big as -7.42% is a significantly bearish indicator, so this trade is designed to be profitable if OTLY maintains its current direction and does not revert back to pricing on the bullish side of $19.02 on 20-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 OATLY GROUP AB AMERICAN DEPOSITARY SHARES closes at or below $19.25 on 20-Aug-2021. Based on our risk-neutral analysis, there is a 52.16% 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.