Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for QUALYS (QLYS) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. QLYS was recently trading at $101.56 and has an implied volatility of 57.38% for this period. Based on an analysis of the options available for QLYS expiring on 19-Mar-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $84.77-$101.58 at expiration. In this scenario, the average linear return for the trade would be 52.50%. Big -13.56% Change: After closing the last trading session at $117.50, QUALYS opened today at $107.01 and has reached a low of $100.04. Trade approach: A movement as big as -13.56% is a significantly bearish indicator, so this trade is designed to be profitable if QLYS maintains its current direction and does not revert back to pricing on the bullish side of $101.56 on 19-Mar-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 QUALYS closes at or below $103.50 on 19-Mar-2021. Based on our risk-neutral analysis, there is a 54.13% 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.