Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for UNIVERSAL DISPLAY CORPORATION (OLED) for the 3-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. OLED was recently trading at $163.84 and has an implied volatility of 42.23% for this period. Based on an analysis of the options available for OLED expiring on 3-Apr-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $142.08-$164.05 at expiration. In this scenario, the average linear return for the trade would be 52.37%. Big -8.35% Change: After closing the last trading session at $178.77, UNIVERSAL DISPLAY CORPORATION opened today at $168.40 and has reached a low of $158.31. Trade approach: A movement as big as -8.35% is a significantly bearish indicator, so this trade is designed to be profitable if OLED maintains its current direction and does not revert back to pricing on the bullish side of $163.84 on 3-Apr-2020. 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 UNIVERSAL DISPLAY CORPORATION closes at or below $164.10 on 3-Apr-2020. 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.