Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for PAYPAL HOLDINGS CORP (PYPL) for the 28-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PYPL was recently trading at $177.14 and has an implied volatility of 39.21% for this period. Based on an analysis of the options available for PYPL expiring on 28-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $166.36-$177.14 at expiration. In this scenario, the average linear return for the trade would be 72.68%. 52 week low: PAYPAL HOLDINGS CORP recently reached a new 52-week low at $174.22. PYPL had traded in the range $175.40-$310.16 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 PYPL maintains its current direction and does not revert back to pricing on the bullish side of $177.14 on 28-Jan-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 PAYPAL HOLDINGS CORP closes at or below $177.25 on 28-Jan-2022. Based on our risk-neutral analysis, there is a 50.39% 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.