Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for REALTY INCOME (O) for the 20-Mar-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. O was recently trading at $82.90 and has an implied volatility of 15.34% for this period. Based on an analysis of the options available for O expiring on 20-Mar-2020, there is a 36.10% likelihood that the underlying will close within the analyzed range of $79.23-$82.94 at expiration. In this scenario, the average linear return for the trade would be 59.21%. Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, REALTY INCOME was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying. Trade approach: The recent sentiment change in O on StockTwits appears to be moderately negative, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bearish strategy could prove effective if the sentiment ultimately turns out to drive trading. Upside potential: Using this bearish strategy, the trade would be profitable if REALTY INCOME closed at or below $83.45 on 20-Mar-2020. Based on our analysis, there is a 57.53% 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.