Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for SUPPORT.COM (SPRT) for the 20-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPRT was recently trading at $6.92 and has an implied volatility of 196.96% for this period. Based on an analysis of the options available for SPRT expiring on 20-Aug-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.05-$6.92 at expiration. In this scenario, the average linear return for the trade would be 58.62%. Big -7.11% Change: After closing the last trading session at $7.45, SUPPORT.COM opened today at $7.63 and has reached a low of $6.75. Trade approach: A movement as big as -7.11% is a significantly bearish indicator, so this trade is designed to be profitable if SPRT maintains its current direction and does not revert back to pricing on the bullish side of $6.92 on 20-Aug-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 SUPPORT.COM closes at or below $9.51 on 20-Aug-2021. Based on our risk-neutral analysis, there is a 84.41% 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.