Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for AURORA CANNABIS INC (ACB) for the 6-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ACB was recently trading at $4.33 and has an implied volatility of 120.61% for this period. Based on an analysis of the options available for ACB expiring on 6-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.21-$4.33 at expiration. In this scenario, the average linear return for the trade would be 52.96%. 52 week low: AURORA CANNABIS INC recently reached a new 52-week low at $4.28. ACB had traded in the range $4.32-$47.28 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 ACB maintains its current direction and does not revert back to pricing on the bullish side of $4.33 on 6-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 AURORA CANNABIS INC closes at or below $4.38 on 6-Nov-2020. Based on our risk-neutral analysis, there is a 51.52% 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.