Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for AUTOHOME INC (ATHM) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ATHM was recently trading at $98.86 and has an implied volatility of 51.75% for this period. Based on an analysis of the options available for ATHM expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $83.42-$98.87 at expiration. In this scenario, the average linear return for the trade would be 43.17%. Big -10.21% Change: After closing the last trading session at $110.10, AUTOHOME INC opened today at $107.70 and has reached a low of $96.97. Trade approach: A movement as big as -10.21% is a significantly bearish indicator, so this trade is designed to be profitable if ATHM maintains its current direction and does not revert back to pricing on the bullish side of $98.86 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 AUTOHOME INC closes at or below $99.90 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 52.44% 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.