Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for TRUIST FINANCIAL CORP (TFC) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TFC was recently trading at $27.73 and has an implied volatility of 65.52% for this period. Based on an analysis of the options available for TFC expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $22.47-$27.75 at expiration. In this scenario, the average linear return for the trade would be 21.47%. Big -7.69% Change: After closing the last trading session at $30.04, TRUIST FINANCIAL CORP opened today at $28.00 and has reached a low of $27.39. Trade approach: A movement as big as -7.69% is a significantly bearish indicator, so this trade is designed to be profitable if TFC maintains its current direction and does not revert back to pricing on the bullish side of $27.73 on 17-Apr-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 TRUIST FINANCIAL CORP closes at or below $28.39 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 54.32% 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.