Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for DADA NEXUS LIMITED (DADA) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DADA was recently trading at $20.37 and has an implied volatility of 71.47% for this period. Based on an analysis of the options available for DADA expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $17.13-$20.37 at expiration. In this scenario, the average linear return for the trade would be 50.02%. Big -7.41% Change: After closing the last trading session at $22.00, DADA NEXUS LIMITED opened today at $21.26 and has reached a low of $20.06. Trade approach: A movement as big as -7.41% is a significantly bearish indicator, so this trade is designed to be profitable if DADA maintains its current direction and does not revert back to pricing on the bullish side of $20.37 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 DADA NEXUS LIMITED closes at or below $20.85 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 55.34% 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.