Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for AMC ENTERTAINMENT HOLDINGS INC (AMC) for the 30-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AMC was recently trading at $31.55 and has an implied volatility of 193.76% for this period. Based on an analysis of the options available for AMC expiring on 30-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $22.40-$31.55 at expiration. In this scenario, the average linear return for the trade would be 616.22%. Big -9.75% Change: After closing the last trading session at $34.96, AMC ENTERTAINMENT HOLDINGS INC opened today at $32.95 and has reached a low of $31.15. Trade approach: A movement as big as -9.75% is a significantly bearish indicator, so this trade is designed to be profitable if AMC maintains its current direction and does not revert back to pricing on the bullish side of $31.55 on 30-Jul-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 AMC ENTERTAINMENT HOLDINGS INC closes at or below $47.14 on 30-Jul-2021. Based on our risk-neutral analysis, there is a 87.96% 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.