Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for RYDER SYSTEM (R) for the 19-Jun-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. R was recently trading at $31.42 and has an implied volatility of 60.82% for this period. Based on an analysis of the options available for R expiring on 19-Jun-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $24.86-$30.87 at expiration. In this scenario, the average linear return for the trade would be 61.92%. Big -10.07% Change: After closing the last trading session at $34.94, RYDER SYSTEM opened today at $34.33 and has reached a low of $31.39. Trade approach: A movement as big as -10.07% is a significantly bearish indicator, so this trade is designed to be profitable if R maintains its current direction and does not revert back to pricing on the bullish side of $31.42 on 19-Jun-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 RYDER SYSTEM closes at or below $31.00 on 19-Jun-2020. Based on our risk-neutral analysis, there is a 50.76% 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.