Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for CHARTER COMMUNICATIONS (CHTR) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CHTR was recently trading at $588.05 and has an implied volatility of 33.32% for this period. Based on an analysis of the options available for CHTR expiring on 21-Jan-2022, there is a 34.15% likelihood that the underlying will close within the analyzed range of $569.66-$588.05 at expiration. In this scenario, the average linear return for the trade would be 51.57%. 52 week low: CHARTER COMMUNICATIONS recently reached a new 52-week low at $580.38. CHTR had traded in the range $585.45-$825.62 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 CHTR maintains its current direction and does not revert back to pricing on the bullish side of $588.05 on 21-Jan-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 CHARTER COMMUNICATIONS closes at or below $588.10 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 50.10% 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.