Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for GALAPAGOS NV AMERICAN DEPOSITARY SHARES (GLPG) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GLPG was recently trading at $250.78 and has an implied volatility of 37.16% for this period. Based on an analysis of the options available for GLPG expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $213.95-$251.38 at expiration. In this scenario, the average linear return for the trade would be 35.93%. Big -8.48% Change: After closing the last trading session at $274.03, GALAPAGOS NV AMERICAN DEPOSITARY SHARES opened today at $249.66 and has reached a low of $246.69. Trade approach: A movement as big as -8.48% is a significantly bearish indicator, so this trade is designed to be profitable if GLPG maintains its current direction and does not revert back to pricing on the bullish side of $250.78 on 17-Apr-2020. 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 GALAPAGOS NV AMERICAN DEPOSITARY SHARES closes at or below $252.00 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 50.61% 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.