Quantchabot has detected a promising Bear Call Spread trade opportunity for DOMINION RESOURCES (D) for the 21-Oct-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. D was recently trading at $68.64 and has an implied volatility of 28.69% for this period. Based on an analysis of the options available for D expiring on 21-Oct-2022, there is a 34.26% likelihood that the underlying will close within the analyzed range of $64.64-$68.73 at expiration. In this scenario, the average linear return for the trade would be 52.73%. 52 week low: DOMINION RESOURCES recently reached a new 52-week low at $68.58. D had traded in the range $69.01-$88.78 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 D maintains its current direction and does not revert back to pricing on the bullish side of $68.64 on 21-Oct-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 DOMINION RESOURCES closes at or below $68.80 on 21-Oct-2022. Based on our risk-neutral analysis, there is a 50.69% 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. More