Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for PTC INC. COMMON STOCK (PTC) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PTC was recently trading at $131.94 and has an implied volatility of 33.14% for this period. Based on an analysis of the options available for PTC expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $113.17-$131.96 at expiration. In this scenario, the average linear return for the trade would be 43.28%. Big -9.17% Change: After closing the last trading session at $145.25, PTC INC. COMMON STOCK opened today at $136.56 and has reached a low of $130.05. Trade approach: A movement as big as -9.17% is a significantly bearish indicator, so this trade is designed to be profitable if PTC maintains its current direction and does not revert back to pricing on the bullish side of $131.94 on 15-Oct-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 PTC INC. COMMON STOCK closes at or below $132.00 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 50.08% 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.