Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for PELOTON INTERACTIVE INC. CLASS A COMMON STOCK (PTON) for the 4-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PTON was recently trading at $26.94 and has an implied volatility of 138.20% for this period. Based on an analysis of the options available for PTON expiring on 4-Feb-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $20.32-$26.94 at expiration. In this scenario, the average linear return for the trade would be 68.50%. Big -15.39% Change: After closing the last trading session at $31.84, PELOTON INTERACTIVE INC. CLASS A COMMON STOCK opened today at $32.05 and has reached a low of $23.25. Trade approach: A movement as big as -15.39% is a significantly bearish indicator, so this trade is designed to be profitable if PTON maintains its current direction and does not revert back to pricing on the bullish side of $26.94 on 4-Feb-2022. 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 PELOTON INTERACTIVE INC. CLASS A COMMON STOCK closes at or below $27.12 on 4-Feb-2022. Based on our risk-neutral analysis, there is a 50.94% 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.