Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for BLACKSTONE GROUP INC CLASS A (BX) for the 9-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BX was recently trading at $41.30 and has an implied volatility of 95.80% for this period. Based on an analysis of the options available for BX expiring on 9-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $36.31-$41.31 at expiration. In this scenario, the average linear return for the trade would be 59.76%. Big -9.37% Change: After closing the last trading session at $45.57, BLACKSTONE GROUP INC CLASS A opened today at $42.54 and has reached a low of $41.18. Trade approach: A movement as big as -9.37% is a significantly bearish indicator, so this trade is designed to be profitable if BX maintains its current direction and does not revert back to pricing on the bullish side of $41.30 on 9-Apr-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 BLACKSTONE GROUP INC CLASS A closes at or below $41.37 on 9-Apr-2020. Based on our risk-neutral analysis, there is a 50.45% 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.