Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for MARTEN TRANSPORT (MRTN) for the 17-Sep-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MRTN was recently trading at $15.42 and has an implied volatility of 36.82% for this period. Based on an analysis of the options available for MRTN expiring on 17-Sep-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $13.23-$15.42 at expiration. In this scenario, the average linear return for the trade would be 10.49%. Big -8.27% Change: After closing the last trading session at $16.81, MARTEN TRANSPORT opened today at $16.31 and has reached a low of $15.27. Trade approach: A movement as big as -8.27% is a significantly bearish indicator, so this trade is designed to be profitable if MRTN maintains its current direction and does not revert back to pricing on the bullish side of $15.42 on 17-Sep-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 MARTEN TRANSPORT closes at or below $15.81 on 17-Sep-2021. Based on our risk-neutral analysis, there is a 56.43% 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.