Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for 1LIFE HEALTHCARE INC. (ONEM) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ONEM was recently trading at $35.59 and has an implied volatility of 51.76% for this period. Based on an analysis of the options available for ONEM expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $30.23-$35.59 at expiration. In this scenario, the average linear return for the trade would be 45.93%. Big -7.12% Change: After closing the last trading session at $38.32, 1LIFE HEALTHCARE INC. opened today at $34.70 and has reached a low of $34.00. Trade approach: A movement as big as -7.12% is a significantly bearish indicator, so this trade is designed to be profitable if ONEM maintains its current direction and does not revert back to pricing on the bullish side of $35.59 on 18-Jun-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 1LIFE HEALTHCARE INC. closes at or below $36.60 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 56.78% 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.