Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Secured Put trade opportunity for 740778 (ALVR) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ALVR was recently trading at $24.60 and has an implied volatility of 112.98% for this period. Based on an analysis of the options available for ALVR expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $24.60-$34.06 at expiration. In this scenario, the average linear return for the trade would be 15.89%. Big 16.86% Change: After closing the last trading session at $21.05, 740778 opened today at $21.53 and has reached a high of $25.00. Trade approach: A movement as big as 16.86% is a significantly bullish indicator, so this trade is designed to be profitable if ALVR maintains its current direction and does not revert back to pricing on the bearish side of $24.60 on 16-Oct-2020. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if 740778 closes at or above $24.20 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.03% 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.