Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for FORTERRA INC. COMMON STOCK (FRTA) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FRTA was recently trading at $12.86 and has an implied volatility of 89.27% for this period. Based on an analysis of the options available for FRTA expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.99-$12.86 at expiration. In this scenario, the average linear return for the trade would be 22.43%. Big -11.98% Change: After closing the last trading session at $14.61, FORTERRA INC. COMMON STOCK opened today at $12.54 and has reached a low of $12.50. Trade approach: A movement as big as -11.98% is a significantly bearish indicator, so this trade is designed to be profitable if FRTA maintains its current direction and does not revert back to pricing on the bullish side of $12.86 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 bearish strategy, the trade would be profitable if FORTERRA INC. COMMON STOCK closes at or below $12.91 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.59% 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.