Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for KINSALE CAPITAL GROUP INC (KNSL) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KNSL was recently trading at $221.14 and has an implied volatility of 35.47% for this period. Based on an analysis of the options available for KNSL expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $204.30-$221.15 at expiration. In this scenario, the average linear return for the trade would be 40.81%. Big -7.04% Change: After closing the last trading session at $237.89, KINSALE CAPITAL GROUP INC opened today at $238.21 and has reached a low of $221.14. Trade approach: A movement as big as -7.04% is a significantly bearish indicator, so this trade is designed to be profitable if KNSL maintains its current direction and does not revert back to pricing on the bullish side of $221.14 on 21-Jan-2022. 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 KINSALE CAPITAL GROUP INC closes at or below $221.55 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 50.91% 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.