Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for TECHNICFMC PLC (FTI) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FTI was recently trading at $8.93 and has an implied volatility of 60.42% for this period. Based on an analysis of the options available for FTI expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $7.12-$8.93 at expiration. In this scenario, the average linear return for the trade would be 37.12%. Big -7.65% Change: After closing the last trading session at $9.67, TECHNICFMC PLC opened today at $9.09 and has reached a low of $8.85. Trade approach: A movement as big as -7.65% is a significantly bearish indicator, so this trade is designed to be profitable if FTI maintains its current direction and does not revert back to pricing on the bullish side of $8.93 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 TECHNICFMC PLC closes at or below $9.00 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.34% 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.