Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for PORTLAND GENERAL ELECTRIC (POR) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. POR was recently trading at $32.45 and has an implied volatility of 60.25% for this period. Based on an analysis of the options available for POR expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $26.50-$32.05 at expiration. In this scenario, the average linear return for the trade would be 42.29%. Big -14.92% Change: After closing the last trading session at $38.14, PORTLAND GENERAL ELECTRIC opened today at $37.92 and has reached a low of $32.32. Trade approach: A movement as big as -14.92% is a significantly bearish indicator, so this trade is designed to be profitable if POR maintains its current direction and does not revert back to pricing on the bullish side of $32.45 on 16-Oct-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 PORTLAND GENERAL ELECTRIC closes at or below $33.25 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 57.70% 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.