Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for DIODES (DIOD) for the 19-Jun-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DIOD was recently trading at $46.09 and has an implied volatility of 42.47% for this period. Based on an analysis of the options available for DIOD expiring on 19-Jun-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $40.18-$46.10 at expiration. In this scenario, the average linear return for the trade would be 55.35%. Big -7.62% Change: After closing the last trading session at $49.89, DIODES opened today at $47.04 and has reached a low of $45.16. Trade approach: A movement as big as -7.62% is a significantly bearish indicator, so this trade is designed to be profitable if DIOD maintains its current direction and does not revert back to pricing on the bullish side of $46.09 on 19-Jun-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 DIODES closes at or below $46.85 on 19-Jun-2020. Based on our risk-neutral analysis, there is a 54.68% 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.