Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for TENCENT MUSIC ENTERTAINMENT GROUP (TME) for the 5-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TME was recently trading at $7.14 and has an implied volatility of 60.29% for this period. Based on an analysis of the options available for TME expiring on 5-Nov-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.82-$7.14 at expiration. In this scenario, the average linear return for the trade would be 49.33%. 52 week low: TENCENT MUSIC ENTERTAINMENT GROUP recently reached a new 52-week low at $6.82. TME had traded in the range $7.03-$32.25 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 TME maintains its current direction and does not revert back to pricing on the bullish side of $7.14 on 5-Nov-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 TENCENT MUSIC ENTERTAINMENT GROUP closes at or below $7.17 on 5-Nov-2021. Based on our risk-neutral analysis, there is a 50.80% 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.