Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for CAMPING WORLD HOLDINGS INC (CWH) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CWH was recently trading at $28.85 and has an implied volatility of 75.23% for this period. Based on an analysis of the options available for CWH expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $25.58-$28.85 at expiration. In this scenario, the average linear return for the trade would be 50.00%. Big -7.32% Change: After closing the last trading session at $31.13, CAMPING WORLD HOLDINGS INC opened today at $31.55 and has reached a low of $28.00. Trade approach: A movement as big as -7.32% is a significantly bearish indicator, so this trade is designed to be profitable if CWH maintains its current direction and does not revert back to pricing on the bullish side of $28.85 on 30-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 CAMPING WORLD HOLDINGS INC closes at or below $29.50 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 57.34% 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.