Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for KNOWBE4 INC. (KNBE) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KNBE was recently trading at $21.96 and has an implied volatility of 76.49% for this period. Based on an analysis of the options available for KNBE expiring on 15-Oct-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $20.20-$21.96 at expiration. In this scenario, the average linear return for the trade would be 16.28%. Big -8.19% Change: After closing the last trading session at $23.92, KNOWBE4 INC. opened today at $23.88 and has reached a low of $21.15. Trade approach: A movement as big as -8.19% is a significantly bearish indicator, so this trade is designed to be profitable if KNBE maintains its current direction and does not revert back to pricing on the bullish side of $21.96 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 KNOWBE4 INC. closes at or below $22.85 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 68.27% 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.