Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for CHINDATA GROUP HOLDINGS LIMITED AMERICAN DEPOSITAR (CD) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CD was recently trading at $8.80 and has an implied volatility of 87.99% for this period. Based on an analysis of the options available for CD expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $7.11-$8.80 at expiration. In this scenario, the average linear return for the trade would be 21.77%. Big -10.39% Change: After closing the last trading session at $9.82, CHINDATA GROUP HOLDINGS LIMITED AMERICAN DEPOSITAR opened today at $9.42 and has reached a low of $8.72. Trade approach: A movement as big as -10.39% is a significantly bearish indicator, so this trade is designed to be profitable if CD maintains its current direction and does not revert back to pricing on the bullish side of $8.80 on 15-Oct-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 CHINDATA GROUP HOLDINGS LIMITED AMERICAN DEPOSITAR closes at or below $8.95 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 53.15% 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.