Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for VROOM INC. (VRM) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VRM was recently trading at $48.08 and has an implied volatility of 84.61% for this period. Based on an analysis of the options available for VRM expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $38.99-$48.08 at expiration. In this scenario, the average linear return for the trade would be 44.39%. Big -7.07% Change: After closing the last trading session at $51.73, VROOM INC. opened today at $50.40 and has reached a low of $47.30. Trade approach: A movement as big as -7.07% is a significantly bearish indicator, so this trade is designed to be profitable if VRM maintains its current direction and does not revert back to pricing on the bullish side of $48.08 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 VROOM INC. closes at or below $48.45 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 51.46% 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.