Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for TRIP.COM GROUP LTD ADS (TCOM) for the 20-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TCOM was recently trading at $24.73 and has an implied volatility of 43.42% for this period. Based on an analysis of the options available for TCOM expiring on 20-Aug-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $23.25-$24.73 at expiration. In this scenario, the average linear return for the trade would be 43.76%. 52 week low: TRIP.COM GROUP LTD ADS recently reached a new 52-week low at $23.71. TCOM had traded in the range $23.90-$45.19 over the past year. Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if TCOM maintains its current direction and does not revert back to pricing on the bullish side of $24.73 on 20-Aug-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 TRIP.COM GROUP LTD ADS closes at or below $24.75 on 20-Aug-2021. Based on our risk-neutral analysis, there is a 50.64% 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.