Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for NEW FORTRESS ENERGY LLC (NFE) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NFE was recently trading at $47.28 and has an implied volatility of 61.42% for this period. Based on an analysis of the options available for NFE expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $44.23-$47.28 at expiration. In this scenario, the average linear return for the trade would be 59.13%. Big -9.62% Change: After closing the last trading session at $52.31, NEW FORTRESS ENERGY LLC opened today at $52.22 and has reached a low of $47.04. Trade approach: A movement as big as -9.62% is a significantly bearish indicator, so this trade is designed to be profitable if NFE maintains its current direction and does not revert back to pricing on the bullish side of $47.28 on 16-Apr-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 NEW FORTRESS ENERGY LLC closes at or below $47.45 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 52.14% 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.