Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for UIPATH INC (PATH) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PATH was recently trading at $55.78 and has an implied volatility of 50.26% for this period. Based on an analysis of the options available for PATH expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $48.03-$55.79 at expiration. In this scenario, the average linear return for the trade would be 50.31%. 52 week low: UIPATH INC recently reached a new 52-week low at $53.52. PATH had traded in the range $53.57-$90.00 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 PATH maintains its current direction and does not revert back to pricing on the bullish side of $55.78 on 15-Oct-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 UIPATH INC closes at or below $56.70 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 54.31% 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.