Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for J2 GLOBAL INC. COMMON STOCK (JCOM) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. JCOM was recently trading at $55.64 and has an implied volatility of 55.74% for this period. Based on an analysis of the options available for JCOM expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $52.77-$55.64 at expiration. In this scenario, the average linear return for the trade would be 24.45%. 52 week low: J2 GLOBAL INC. COMMON STOCK recently reached a new 52-week low at $54.46. JCOM had traded in the range $56.84-$104.57 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 JCOM maintains its current direction and does not revert back to pricing on the bullish side of $55.64 on 17-Jul-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 J2 GLOBAL INC. COMMON STOCK closes at or below $56.05 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 55.50% 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.