Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for GLOBAL X NASDAQ 100 COVERED CALL ETF (QYLD) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. QYLD was recently trading at $21.98 and has an implied volatility of 13.31% for this period. Based on an analysis of the options available for QYLD expiring on 21-Jan-2022, there is a 34.10% likelihood that the underlying will close within the analyzed range of $21.39-$21.98 at expiration. In this scenario, the average linear return for the trade would be 58.56%. Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, GLOBAL X NASDAQ 100 COVERED CALL ETF 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 QYLD 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 GLOBAL X NASDAQ 100 COVERED CALL ETF closed at or below $22.00 on 21-Jan-2022. Based on our analysis, there is a 51.63% 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.