Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for HUMANA (HUM) for the 28-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HUM was recently trading at $358.60 and has an implied volatility of 34.66% for this period. Based on an analysis of the options available for HUM expiring on 28-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $329.77-$358.61 at expiration. In this scenario, the average linear return for the trade would be 36.38%. 52 week low: HUMANA recently reached a new 52-week low at $357.76. HUM had traded in the range $370.22-$475.44 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 HUM maintains its current direction and does not revert back to pricing on the bullish side of $358.60 on 28-Jan-2022. 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 HUMANA closes at or below $360.90 on 28-Jan-2022. Based on our risk-neutral analysis, there is a 53.03% 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.