Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for APPLE (AAPL) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AAPL was recently trading at $128.09 and has an implied volatility of 49.94% for this period. Based on an analysis of the options available for AAPL expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $107.22-$128.12 at expiration. In this scenario, the average linear return for the trade would be 72.64%. 52 week low: APPLE recently reached a new 52-week low at $126.00. AAPL had traded in the range $204.22-$515.14 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 AAPL maintains its current direction and does not revert back to pricing on the bullish side of $128.09 on 16-Oct-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 APPLE closes at or below $128.40 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.50% 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.