Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for FORTUNA SILVER MINES INC. (FSM) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FSM was recently trading at $4.42 and has an implied volatility of 62.30% for this period. Based on an analysis of the options available for FSM expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.36-$4.42 at expiration. In this scenario, the average linear return for the trade would be 26.60%. Big -10.53% Change: After closing the last trading session at $4.94, FORTUNA SILVER MINES INC. opened today at $4.59 and has reached a low of $4.21. Trade approach: A movement as big as -10.53% is a significantly bearish indicator, so this trade is designed to be profitable if FSM maintains its current direction and does not revert back to pricing on the bullish side of $4.42 on 21-Jan-2022. 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 FORTUNA SILVER MINES INC. closes at or below $4.62 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 56.40% 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.