Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for SEAGATE TECHNOLOGY (STX) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. STX was recently trading at $58.50 and has an implied volatility of 34.19% for this period. Based on an analysis of the options available for STX expiring on 16-Apr-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $49.08-$57.85 at expiration. In this scenario, the average linear return for the trade would be 58.99%. Big -7.05% Change: After closing the last trading session at $62.94, SEAGATE TECHNOLOGY opened today at $60.51 and has reached a low of $58.43. Trade approach: A movement as big as -7.05% is a significantly bearish indicator, so this trade is designed to be profitable if STX maintains its current direction and does not revert back to pricing on the bullish side of $58.50 on 16-Apr-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 SEAGATE TECHNOLOGY closes at or below $58.09 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 51.02% 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.