Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for WORLD WRESTLING (WWE) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WWE was recently trading at $50.58 and has an implied volatility of 45.39% for this period. Based on an analysis of the options available for WWE expiring on 16-Apr-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $41.35-$50.47 at expiration. In this scenario, the average linear return for the trade would be 46.62%. Big -9.69% Change: After closing the last trading session at $56.00, WORLD WRESTLING opened today at $53.02 and has reached a low of $50.43. Trade approach: A movement as big as -9.69% is a significantly bearish indicator, so this trade is designed to be profitable if WWE maintains its current direction and does not revert back to pricing on the bullish side of $50.58 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 WORLD WRESTLING closes at or below $51.60 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 54.44% 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.