Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for TECK RESOURCES LTD (TECK) for the 23-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TECK was recently trading at $19.92 and has an implied volatility of 68.06% for this period. Based on an analysis of the options available for TECK expiring on 23-Jul-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $18.49-$19.92 at expiration. In this scenario, the average linear return for the trade would be 34.80%. Big -7.35% Change: After closing the last trading session at $21.50, TECK RESOURCES LTD opened today at $20.31 and has reached a low of $19.89. Trade approach: A movement as big as -7.35% is a significantly bearish indicator, so this trade is designed to be profitable if TECK maintains its current direction and does not revert back to pricing on the bullish side of $19.92 on 23-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 TECK RESOURCES LTD closes at or below $19.94 on 23-Jul-2021. Based on our risk-neutral analysis, there is a 50.53% 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.