Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for PERFORMANCE FOOD GROUP COMPANY (PFGC) for the 18-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PFGC was recently trading at $42.51 and has an implied volatility of 58.13% for this period. Based on an analysis of the options available for PFGC expiring on 18-Dec-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.30-$42.51 at expiration. In this scenario, the average linear return for the trade would be 38.97%. Big -8.51% Change: After closing the last trading session at $46.46, PERFORMANCE FOOD GROUP COMPANY opened today at $45.88 and has reached a low of $42.31. Trade approach: A movement as big as -8.51% is a significantly bearish indicator, so this trade is designed to be profitable if PFGC maintains its current direction and does not revert back to pricing on the bullish side of $42.51 on 18-Dec-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 PERFORMANCE FOOD GROUP COMPANY closes at or below $43.15 on 18-Dec-2020. Based on our risk-neutral analysis, there is a 53.20% 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.