Quantchabot has detected a new Bear Put Spread trade opportunity for EBAY (EBAY) for the 20-Feb-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
EBAY was recently trading at $83.56 and has an implied volatility of 41.66% for this period. Based on an analysis of the options available for EBAY expiring on 20-Feb-2026, there is a 34.29% likelihood that the underlying will close within the analyzed range of $76.56-$83.71 at expiration. In this scenario, the average linear return for the trade would be 25.94%.
Big -9.55% Change: After closing the last trading session at $92.38, EBAY opened today at $92.39 and has reached a low of $83.25.
Trade approach: A movement as big as -9.55% is a significantly bearish indicator, so this trade is designed to be profitable if EBAY maintains its current direction and does not revert back to pricing on the bullish side of $83.56 on 20-Feb-2026. 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 EBAY closes at or below $83.95 on 20-Feb-2026. Based on our risk-neutral analysis, there is a 51.32% 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.
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