Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for ADT INC (ADT) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ADT was recently trading at $9.51 and has an implied volatility of 59.71% for this period. Based on an analysis of the options available for ADT expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $7.97-$9.47 at expiration. In this scenario, the average linear return for the trade would be 13.64%. Big -11.99% Change: After closing the last trading session at $10.80, ADT INC opened today at $9.49 and has reached a low of $9.36. Trade approach: A movement as big as -11.99% is a significantly bearish indicator, so this trade is designed to be profitable if ADT maintains its current direction and does not revert back to pricing on the bullish side of $9.51 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 ADT INC closes at or below $10.30 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 68.79% 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.