Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for SIGNIFY HEALTH INC (SGFY) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SGFY was recently trading at $21.58 and has an implied volatility of 63.06% for this period. Based on an analysis of the options available for SGFY expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $18.40-$21.58 at expiration. In this scenario, the average linear return for the trade would be 36.35%. Big -7.70% Change: After closing the last trading session at $23.38, SIGNIFY HEALTH INC opened today at $22.94 and has reached a low of $21.00. Trade approach: A movement as big as -7.70% is a significantly bearish indicator, so this trade is designed to be profitable if SGFY maintains its current direction and does not revert back to pricing on the bullish side of $21.58 on 15-Oct-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 SIGNIFY HEALTH INC closes at or below $21.65 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 50.80% 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.