Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for PORTILLOS INC. CLASS A COMMON STOCK (PTLO) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PTLO was recently trading at $30.05 and has an implied volatility of 70.70% for this period. Based on an analysis of the options available for PTLO expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $26.84-$30.05 at expiration. In this scenario, the average linear return for the trade would be 24.99%. Big -7.34% Change: After closing the last trading session at $32.43, PORTILLOS INC. CLASS A COMMON STOCK opened today at $32.96 and has reached a low of $29.99. Trade approach: A movement as big as -7.34% is a significantly bearish indicator, so this trade is designed to be profitable if PTLO maintains its current direction and does not revert back to pricing on the bullish side of $30.05 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 PORTILLOS INC. CLASS A COMMON STOCK closes at or below $31.00 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 60.85% 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.