Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for JACK HENRY & ASSOCIATES (JKHY) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. JKHY was recently trading at $146.65 and has an implied volatility of 31.49% for this period. Based on an analysis of the options available for JKHY expiring on 19-Mar-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $132.43-$146.67 at expiration. In this scenario, the average linear return for the trade would be 33.78%. Big -7.31% Change: After closing the last trading session at $158.21, JACK HENRY & ASSOCIATES opened today at $148.90 and has reached a low of $144.29. Trade approach: A movement as big as -7.31% is a significantly bearish indicator, so this trade is designed to be profitable if JKHY maintains its current direction and does not revert back to pricing on the bullish side of $146.65 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 JACK HENRY & ASSOCIATES closes at or below $147.60 on 19-Mar-2021. Based on our risk-neutral analysis, there is a 52.47% 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.