Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for ROSS STORES (ROST) for the 25-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ROST was recently trading at $103.94 and has an implied volatility of 28.63% for this period. Based on an analysis of the options available for ROST expiring on 25-Feb-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $93.97-$103.95 at expiration. In this scenario, the average linear return for the trade would be 66.74%. 52 week low: ROSS STORES recently reached a new 52-week low at $102.60. ROST had traded in the range $103.62-$134.22 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 ROST maintains its current direction and does not revert back to pricing on the bullish side of $103.94 on 25-Feb-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 ROSS STORES closes at or below $104.10 on 25-Feb-2022. Based on our risk-neutral analysis, there is a 50.58% 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.