Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for TATA MOTORS (TTM) for the 28-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TTM was recently trading at $19.05 and has an implied volatility of 64.40% for this period. Based on an analysis of the options available for TTM expiring on 28-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $15.14-$19.05 at expiration. In this scenario, the average linear return for the trade would be 20.38%. Big -10.31% Change: After closing the last trading session at $21.24, TATA MOTORS opened today at $0.00 and has reached a low of $0.00. Trade approach: A movement as big as -10.31% is a significantly bearish indicator, so this trade is designed to be profitable if TTM maintains its current direction and does not revert back to pricing on the bullish side of $19.05 on 28-May-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 TATA MOTORS closes at or below $19.44 on 28-May-2021. Based on our risk-neutral analysis, there is a 53.49% 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.