Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for VMWARE (VMW) for the 26-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VMW was recently trading at $131.93 and has an implied volatility of 44.13% for this period. Based on an analysis of the options available for VMW expiring on 26-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $113.16-$131.95 at expiration. In this scenario, the average linear return for the trade would be 48.75%. Big -7.68% Change: After closing the last trading session at $142.91, VMWARE opened today at $136.00 and has reached a low of $131.75. Trade approach: A movement as big as -7.68% is a significantly bearish indicator, so this trade is designed to be profitable if VMW maintains its current direction and does not revert back to pricing on the bullish side of $131.93 on 26-Feb-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 VMWARE closes at or below $134.00 on 26-Feb-2021. Based on our risk-neutral analysis, there is a 54.00% 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.