Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for LEGGETT & PLATT (LEG) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LEG was recently trading at $44.38 and has an implied volatility of 26.98% for this period. Based on an analysis of the options available for LEG expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $39.11-$44.39 at expiration. In this scenario, the average linear return for the trade would be 43.38%. Big -7.73% Change: After closing the last trading session at $48.10, LEGGETT & PLATT opened today at $46.83 and has reached a low of $44.35. Trade approach: A movement as big as -7.73% is a significantly bearish indicator, so this trade is designed to be profitable if LEG maintains its current direction and does not revert back to pricing on the bullish side of $44.38 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 LEGGETT & PLATT closes at or below $44.40 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 50.09% 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.