Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for VIRGIN GALACTIC HOLDINGS INC (SPCE) for the 30-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPCE was recently trading at $26.81 and has an implied volatility of 74.21% for this period. Based on an analysis of the options available for SPCE expiring on 30-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $22.70-$26.81 at expiration. In this scenario, the average linear return for the trade would be 52.50%. Big -8.44% Change: After closing the last trading session at $29.28, VIRGIN GALACTIC HOLDINGS INC opened today at $28.90 and has reached a low of $26.78. Trade approach: A movement as big as -8.44% is a significantly bearish indicator, so this trade is designed to be profitable if SPCE maintains its current direction and does not revert back to pricing on the bullish side of $26.81 on 30-Apr-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 VIRGIN GALACTIC HOLDINGS INC closes at or below $26.92 on 30-Apr-2021. Based on our risk-neutral analysis, there is a 50.97% 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.