Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for 3D SYSTEMS (DDD) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DDD was recently trading at $4.66 and has an implied volatility of 68.22% for this period. Based on an analysis of the options available for DDD expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.77-$4.66 at expiration. In this scenario, the average linear return for the trade would be 23.01%. 52 week low: 3D SYSTEMS recently reached a new 52-week low at $4.63. DDD had traded in the range $4.70-$12.56 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 DDD maintains its current direction and does not revert back to pricing on the bullish side of $4.66 on 30-Oct-2020. 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 3D SYSTEMS closes at or below $4.70 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 51.58% 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.