Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for SILVERGATE CAPITAL CORP (SI) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SI was recently trading at $150.62 and has an implied volatility of 111.66% for this period. Based on an analysis of the options available for SI expiring on 16-Apr-2021, there is a 34.17% likelihood that the underlying will close within the analyzed range of $137.95-$150.62 at expiration. In this scenario, the average linear return for the trade would be 54.44%. Big -9.53% Change: After closing the last trading session at $166.49, SILVERGATE CAPITAL CORP opened today at $171.11 and has reached a low of $149.18. Trade approach: A movement as big as -9.53% is a significantly bearish indicator, so this trade is designed to be profitable if SI maintains its current direction and does not revert back to pricing on the bullish side of $150.62 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 SILVERGATE CAPITAL CORP closes at or below $151.20 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 51.74% 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.