Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for BED BATH & BEYOND (BBBY) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BBBY was recently trading at $31.37 and has an implied volatility of 102.38% for this period. Based on an analysis of the options available for BBBY expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $26.88-$31.37 at expiration. In this scenario, the average linear return for the trade would be 39.81%. Big -8.52% Change: After closing the last trading session at $34.29, BED BATH & BEYOND opened today at $34.09 and has reached a low of $31.17. Trade approach: A movement as big as -8.52% is a significantly bearish indicator, so this trade is designed to be profitable if BBBY maintains its current direction and does not revert back to pricing on the bullish side of $31.37 on 18-Jun-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 BED BATH & BEYOND closes at or below $31.58 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 51.72% 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.