Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for INSPIRE MEDICAL SYSTEMS INC (INSP) for the 21-Feb-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. INSP was recently trading at $72.82 and has an implied volatility of 48.77% for this period. Based on an analysis of the options available for INSP expiring on 21-Feb-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $64.58-$72.90 at expiration. In this scenario, the average linear return for the trade would be 32.09%. Big -7.31% Change: After closing the last trading session at $78.56, INSPIRE MEDICAL SYSTEMS INC opened today at $76.65 and has reached a low of $71.17. Trade approach: A movement as big as -7.31% is a significantly bearish indicator, so this trade is designed to be profitable if INSP maintains its current direction and does not revert back to pricing on the bullish side of $72.82 on 21-Feb-2020. 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 INSPIRE MEDICAL SYSTEMS INC closes at or below $73.45 on 21-Feb-2020. Based on our risk-neutral analysis, there is a 52.47% 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.