Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for BALLARD POWER SYSTEMS (BLDP) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BLDP was recently trading at $20.17 and has an implied volatility of 64.85% for this period. Based on an analysis of the options available for BLDP expiring on 16-Apr-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $19.41-$20.17 at expiration. In this scenario, the average linear return for the trade would be 39.81%. Big -8.86% Change: After closing the last trading session at $22.13, BALLARD POWER SYSTEMS opened today at $22.50 and has reached a low of $20.17. Trade approach: A movement as big as -8.86% is a significantly bearish indicator, so this trade is designed to be profitable if BLDP maintains its current direction and does not revert back to pricing on the bullish side of $20.17 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 BALLARD POWER SYSTEMS closes at or below $20.30 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 56.67% 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.