Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for PROTALIX BIOTHERAPEUTICS (PLX) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PLX was recently trading at $5.56 and has an implied volatility of 192.87% for this period. Based on an analysis of the options available for PLX expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.38-$5.56 at expiration. In this scenario, the average linear return for the trade would be 1033.33%. Big -9.15% Change: After closing the last trading session at $6.12, PROTALIX BIOTHERAPEUTICS opened today at $6.13 and has reached a low of $5.53. Trade approach: A movement as big as -9.15% is a significantly bearish indicator, so this trade is designed to be profitable if PLX maintains its current direction and does not revert back to pricing on the bullish side of $5.56 on 21-May-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 PROTALIX BIOTHERAPEUTICS closes at or below $8.31 on 21-May-2021. Based on our risk-neutral analysis, there is a 79.03% 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.