Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for EMBARK TECHNOLOGY INC. COMMON STOCK (EMBK) for the 18-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EMBK was recently trading at $5.35 and has an implied volatility of 81.17% for this period. Based on an analysis of the options available for EMBK expiring on 18-Feb-2022, there is a 34.13% likelihood that the underlying will close within the analyzed range of $4.13-$5.35 at expiration. In this scenario, the average linear return for the trade would be 26.90%. Big -7.80% Change: After closing the last trading session at $5.80, EMBARK TECHNOLOGY INC. COMMON STOCK opened today at $5.77 and has reached a low of $5.30. Trade approach: A movement as big as -7.80% is a significantly bearish indicator, so this trade is designed to be profitable if EMBK maintains its current direction and does not revert back to pricing on the bullish side of $5.35 on 18-Feb-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 EMBARK TECHNOLOGY INC. COMMON STOCK closes at or below $5.68 on 18-Feb-2022. Based on our risk-neutral analysis, there is a 59.18% 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.