Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for ORTHOPEDIATRICS CORP. COMMON STOCK (KIDS) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KIDS was recently trading at $39.84 and has an implied volatility of 51.27% for this period. Based on an analysis of the options available for KIDS expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $32.95-$39.85 at expiration. In this scenario, the average linear return for the trade would be 20.40%. Big -8.55% Change: After closing the last trading session at $43.57, ORTHOPEDIATRICS CORP. COMMON STOCK opened today at $42.01 and has reached a low of $38.83. Trade approach: A movement as big as -8.55% is a significantly bearish indicator, so this trade is designed to be profitable if KIDS maintains its current direction and does not revert back to pricing on the bullish side of $39.84 on 19-Feb-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 ORTHOPEDIATRICS CORP. COMMON STOCK closes at or below $40.72 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 54.50% 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.