Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for HUNTINGTON BANCSHARES (HBAN) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HBAN was recently trading at $8.57 and has an implied volatility of 57.82% for this period. Based on an analysis of the options available for HBAN expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $6.46-$8.43 at expiration. In this scenario, the average linear return for the trade would be 55.91%. Big -7.20% Change: After closing the last trading session at $9.24, HUNTINGTON BANCSHARES opened today at $8.97 and has reached a low of $8.49. Trade approach: A movement as big as -7.20% is a significantly bearish indicator, so this trade is designed to be profitable if HBAN maintains its current direction and does not revert back to pricing on the bullish side of $8.57 on 17-Jul-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 HUNTINGTON BANCSHARES closes at or below $8.75 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 55.54% 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.