Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for UNITED STATES STEEL (X) for the 29-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. X was recently trading at $23.57 and has an implied volatility of 58.83% for this period. Based on an analysis of the options available for X expiring on 29-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $19.29-$23.57 at expiration. In this scenario, the average linear return for the trade would be 48.47%. Big -7.19% Change: After closing the last trading session at $25.39, UNITED STATES STEEL opened today at $24.90 and has reached a low of $23.45. Trade approach: A movement as big as -7.19% is a significantly bearish indicator, so this trade is designed to be profitable if X maintains its current direction and does not revert back to pricing on the bullish side of $23.57 on 29-Oct-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 UNITED STATES STEEL closes at or below $24.48 on 29-Oct-2021. Based on our risk-neutral analysis, there is a 57.52% 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.