Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for ARCELORMITTAL (MT) for the 14-Apr-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MT was recently trading at $27.35 and has an implied volatility of 56.41% for this period. Based on an analysis of the options available for MT expiring on 14-Apr-2022, there is a 34.19% likelihood that the underlying will close within the analyzed range of $22.21-$27.35 at expiration. In this scenario, the average linear return for the trade would be 75.98%. Big -7.97% Change: After closing the last trading session at $29.72, ARCELORMITTAL opened today at $27.36 and has reached a low of $27.25. Trade approach: A movement as big as -7.97% is a significantly bearish indicator, so this trade is designed to be profitable if MT maintains its current direction and does not revert back to pricing on the bullish side of $27.35 on 14-Apr-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 ARCELORMITTAL closes at or below $27.44 on 14-Apr-2022. Based on our risk-neutral analysis, there is a 50.62% 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.