Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for PTC THERAPEUTICS INC. COMMON (PTCT) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PTCT was recently trading at $61.06 and has an implied volatility of 47.90% for this period. Based on an analysis of the options available for PTCT expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $52.19-$61.07 at expiration. In this scenario, the average linear return for the trade would be 44.85%. Big -7.08% Change: After closing the last trading session at $65.71, PTC THERAPEUTICS INC. COMMON opened today at $65.50 and has reached a low of $61.06. Trade approach: A movement as big as -7.08% is a significantly bearish indicator, so this trade is designed to be profitable if PTCT maintains its current direction and does not revert back to pricing on the bullish side of $61.06 on 15-Jan-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 THERAPEUTICS INC. COMMON closes at or below $61.60 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 52.19% 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.