Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for GENESCO (GCO) for the 21-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GCO was recently trading at $16.68 and has an implied volatility of 98.37% for this period. Based on an analysis of the options available for GCO expiring on 21-Aug-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $12.88-$16.68 at expiration. In this scenario, the average linear return for the trade would be 39.92%. Big -8.70% Change: After closing the last trading session at $18.27, GENESCO opened today at $18.13 and has reached a low of $16.47. Trade approach: A movement as big as -8.70% is a significantly bearish indicator, so this trade is designed to be profitable if GCO maintains its current direction and does not revert back to pricing on the bullish side of $16.68 on 21-Aug-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 GENESCO closes at or below $16.70 on 21-Aug-2020. Based on our risk-neutral analysis, there is a 50.17% 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.