Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for MARATHON DIGITAL HOLDINGS INC (MARA) for the 14-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MARA was recently trading at $21.19 and has an implied volatility of 160.07% for this period. Based on an analysis of the options available for MARA expiring on 14-May-2021, there is a 34.16% likelihood that the underlying will close within the analyzed range of $19.22-$21.19 at expiration. In this scenario, the average linear return for the trade would be 43.59%. Big -7.26% Change: After closing the last trading session at $22.85, MARATHON DIGITAL HOLDINGS INC opened today at $21.37 and has reached a low of $20.35. Trade approach: A movement as big as -7.26% is a significantly bearish indicator, so this trade is designed to be profitable if MARA maintains its current direction and does not revert back to pricing on the bullish side of $21.19 on 14-May-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 MARATHON DIGITAL HOLDINGS INC closes at or below $21.31 on 14-May-2021. Based on our risk-neutral analysis, there is a 52.30% 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.