Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for VERTEX (VRTX) for the 23-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VRTX was recently trading at $185.76 and has an implied volatility of 25.52% for this period. Based on an analysis of the options available for VRTX expiring on 23-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $172.38-$185.78 at expiration. In this scenario, the average linear return for the trade would be 17.37%. 52 week low: VERTEX recently reached a new 52-week low at $185.44. VRTX had traded in the range $185.64-$306.08 over the past year. Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if VRTX maintains its current direction and does not revert back to pricing on the bullish side of $185.76 on 23-Jul-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 VERTEX closes at or below $186.20 on 23-Jul-2021. Based on our risk-neutral analysis, there is a 51.22% 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.