Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for TATA MOTORS (TTM) for the 15-May-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TTM was recently trading at $4.72 and has an implied volatility of 104.87% for this period. Based on an analysis of the options available for TTM expiring on 15-May-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.60-$4.72 at expiration. In this scenario, the average linear return for the trade would be 39.45%. Big -7.63% Change: After closing the last trading session at $5.11, TATA MOTORS opened today at $4.89 and has reached a low of $4.68. Trade approach: A movement as big as -7.63% is a significantly bearish indicator, so this trade is designed to be profitable if TTM maintains its current direction and does not revert back to pricing on the bullish side of $4.72 on 15-May-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 TATA MOTORS closes at or below $4.80 on 15-May-2020. Based on our risk-neutral analysis, there is a 52.41% 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.