Quantchabot has detected a promising Bear Call Spread trade opportunity for BUNGE (BG) for the 20-Jan-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BG was recently trading at $97.45 and has an implied volatility of 31.75% for this period. Based on an analysis of the options available for BG expiring on 20-Jan-2023, there is a 34.19% likelihood that the underlying will close within the analyzed range of $87.08-$98.02 at expiration. In this scenario, the average linear return for the trade would be 32.50%. Big -7.04% Change: After closing the last trading session at $104.84, BUNGE opened today at $103.59 and has reached a low of $97.36. Trade approach: A movement as big as -7.04% is a significantly bearish indicator, so this trade is designed to be profitable if BG maintains its current direction and does not revert back to pricing on the bullish side of $97.45 on 20-Jan-2023. 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 BUNGE closes at or below $98.30 on 20-Jan-2023. Based on our risk-neutral analysis, there is a 50.97% 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. More