Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for VAXART INC (VXRT) for the 6-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VXRT was recently trading at $5.20 and has an implied volatility of 144.50% for this period. Based on an analysis of the options available for VXRT expiring on 6-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.80-$5.20 at expiration. In this scenario, the average linear return for the trade would be 35.51%. Big -8.27% Change: After closing the last trading session at $5.67, VAXART INC opened today at $5.60 and has reached a low of $5.18. Trade approach: A movement as big as -8.27% is a significantly bearish indicator, so this trade is designed to be profitable if VXRT maintains its current direction and does not revert back to pricing on the bullish side of $5.20 on 6-Nov-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 VAXART INC closes at or below $5.50 on 6-Nov-2020. Based on our risk-neutral analysis, there is a 57.03% 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.