Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for SCHOLASTIC (SCHL) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SCHL was recently trading at $20.09 and has an implied volatility of 54.73% for this period. Based on an analysis of the options available for SCHL expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $16.08-$19.94 at expiration. In this scenario, the average linear return for the trade would be 26.58%. 52 week low: SCHOLASTIC recently reached a new 52-week low at $18.80. SCHL had traded in the range $20.01-$45.80 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 SCHL maintains its current direction and does not revert back to pricing on the bullish side of $20.09 on 20-Nov-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 SCHOLASTIC closes at or below $21.05 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 59.95% 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.