Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for ALTERYX INC (AYX) for the 17-Sep-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AYX was recently trading at $67.64 and has an implied volatility of 43.82% for this period. Based on an analysis of the options available for AYX expiring on 17-Sep-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $58.07-$67.65 at expiration. In this scenario, the average linear return for the trade would be 50.69%. Big -14.15% Change: After closing the last trading session at $78.79, ALTERYX INC opened today at $70.65 and has reached a low of $66.66. Trade approach: A movement as big as -14.15% is a significantly bearish indicator, so this trade is designed to be profitable if AYX maintains its current direction and does not revert back to pricing on the bullish side of $67.64 on 17-Sep-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 ALTERYX INC closes at or below $68.62 on 17-Sep-2021. Based on our risk-neutral analysis, there is a 53.72% 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.