Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Synthetic Short Stock trade opportunity for NEXTCURE INC. COMMON STOCK (NXTC) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NXTC was recently trading at $7.14 and has an implied volatility of 206.82% for this period. Based on an analysis of the options available for NXTC expiring on 16-Jul-2021, there is a 34.18% likelihood that the underlying will close within the analyzed range of $6.76-$7.15 at expiration. In this scenario, the average linear return for the trade would be 12.63%. 52 week low: NEXTCURE INC. COMMON STOCK recently reached a new 52-week low at $7.14. NXTC had traded in the range $7.37-$14.40 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 NXTC maintains its current direction and does not revert back to pricing on the bullish side of $7.14 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 NEXTCURE INC. COMMON STOCK closes at or below $7.15 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 50.50% 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.