Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for RESMED (RMD) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RMD was recently trading at $200.52 and has an implied volatility of 33.68% for this period. Based on an analysis of the options available for RMD expiring on 16-Apr-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $171.44-$200.18 at expiration. In this scenario, the average linear return for the trade would be 52.97%. Big -7.14% Change: After closing the last trading session at $215.93, RESMED opened today at $212.70 and has reached a low of $200.50. Trade approach: A movement as big as -7.14% is a significantly bearish indicator, so this trade is designed to be profitable if RMD maintains its current direction and does not revert back to pricing on the bullish side of $200.52 on 16-Apr-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 RESMED closes at or below $201.70 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 51.95% 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.