Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for PURE STORAGE INC (PSTG) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PSTG was recently trading at $18.34 and has an implied volatility of 45.39% for this period. Based on an analysis of the options available for PSTG expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $14.71-$18.35 at expiration. In this scenario, the average linear return for the trade would be 54.81%. Big -7.19% Change: After closing the last trading session at $19.76, PURE STORAGE INC opened today at $19.28 and has reached a low of $18.11. Trade approach: A movement as big as -7.19% is a significantly bearish indicator, so this trade is designed to be profitable if PSTG maintains its current direction and does not revert back to pricing on the bullish side of $18.34 on 19-Feb-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 PURE STORAGE INC closes at or below $18.45 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 51.02% 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.