Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for QORVO INC. COMMON STOCK (QRVO) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. QRVO was recently trading at $169.24 and has an implied volatility of 35.80% for this period. Based on an analysis of the options available for QRVO expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $150.48-$169.26 at expiration. In this scenario, the average linear return for the trade would be 65.73%. Big -8.11% Change: After closing the last trading session at $184.18, QORVO INC. COMMON STOCK opened today at $179.74 and has reached a low of $169.15. Trade approach: A movement as big as -8.11% is a significantly bearish indicator, so this trade is designed to be profitable if QRVO maintains its current direction and does not revert back to pricing on the bullish side of $169.24 on 18-Jun-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 QORVO INC. COMMON STOCK closes at or below $169.30 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 50.08% 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.