Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for TAL EDUCATION GROUP (TAL) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TAL was recently trading at $50.97 and has an implied volatility of 90.03% for this period. Based on an analysis of the options available for TAL expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $44.13-$50.98 at expiration. In this scenario, the average linear return for the trade would be 53.70%. Big -8.69% Change: After closing the last trading session at $55.82, TAL EDUCATION GROUP opened today at $51.06 and has reached a low of $50.20. Trade approach: A movement as big as -8.69% is a significantly bearish indicator, so this trade is designed to be profitable if TAL maintains its current direction and does not revert back to pricing on the bullish side of $50.97 on 17-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 TAL EDUCATION GROUP closes at or below $51.80 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 54.39% 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.