Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for SPOTIFY TECHNOLOGY SA (SPOT) for the 14-Apr-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPOT was recently trading at $153.14 and has an implied volatility of 55.69% for this period. Based on an analysis of the options available for SPOT expiring on 14-Apr-2022, there is a 34.18% likelihood that the underlying will close within the analyzed range of $123.21-$153.15 at expiration. In this scenario, the average linear return for the trade would be 66.79%. 52 week low: SPOTIFY TECHNOLOGY SA recently reached a new 52-week low at $150.84. SPOT had traded in the range $155.57-$387.44 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 SPOT maintains its current direction and does not revert back to pricing on the bullish side of $153.14 on 14-Apr-2022. 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 SPOTIFY TECHNOLOGY SA closes at or below $154.10 on 14-Apr-2022. Based on our risk-neutral analysis, there is a 51.13% 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.