Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for SYNNEX (SNX) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SNX was recently trading at $81.95 and has an implied volatility of 44.45% for this period. Based on an analysis of the options available for SNX expiring on 19-Mar-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $69.61-$81.96 at expiration. In this scenario, the average linear return for the trade would be 51.40%. 52 week low: SYNNEX recently reached a new 52-week low at $81.71. SNX had traded in the range $82.56-$91.62 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 SNX maintains its current direction and does not revert back to pricing on the bullish side of $81.95 on 19-Mar-2021. 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 SYNNEX closes at or below $83.50 on 19-Mar-2021. Based on our risk-neutral analysis, there is a 54.53% 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.