Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for GENMARK DIAGNOSTICS (GNMK) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GNMK was recently trading at $12.71 and has an implied volatility of 110.40% for this period. Based on an analysis of the options available for GNMK expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $11.28-$12.71 at expiration. In this scenario, the average linear return for the trade would be 27.39%. Big -9.92% Change: After closing the last trading session at $14.11, GENMARK DIAGNOSTICS opened today at $14.19 and has reached a low of $12.60. Trade approach: A movement as big as -9.92% is a significantly bearish indicator, so this trade is designed to be profitable if GNMK maintains its current direction and does not revert back to pricing on the bullish side of $12.71 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 GENMARK DIAGNOSTICS closes at or below $13.05 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 58.72% 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.