Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for PBF ENERGY (PBF) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PBF was recently trading at $8.12 and has an implied volatility of 91.56% for this period. Based on an analysis of the options available for PBF expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $6.12-$8.13 at expiration. In this scenario, the average linear return for the trade would be 42.19%. Big -7.98% Change: After closing the last trading session at $8.83, PBF ENERGY opened today at $8.61 and has reached a low of $7.95. Trade approach: A movement as big as -7.98% is a significantly bearish indicator, so this trade is designed to be profitable if PBF maintains its current direction and does not revert back to pricing on the bullish side of $8.12 on 15-Jan-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 PBF ENERGY closes at or below $8.30 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 52.97% 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.