Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for VAXART INC (VXRT) for the 6-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VXRT was recently trading at $5.21 and has an implied volatility of 129.60% for this period. Based on an analysis of the options available for VXRT expiring on 6-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $4.15-$5.22 at expiration. In this scenario, the average linear return for the trade would be 30.42%. Big -7.54% Change: After closing the last trading session at $5.64, VAXART INC opened today at $5.54 and has reached a low of $5.21. Trade approach: A movement as big as -7.54% is a significantly bearish indicator, so this trade is designed to be profitable if VXRT maintains its current direction and does not revert back to pricing on the bullish side of $5.21 on 6-Nov-2020. 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 VAXART INC closes at or below $5.25 on 6-Nov-2020. Based on our risk-neutral analysis, there is a 51.16% 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.