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52-Week Low Alert: Trading today’s movement in DIDI GLOBAL INC

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Quantchabot has detected a promising Covered Put trade opportunity for DIDI GLOBAL INC (DIDI) for the 11-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DIDI was recently trading at $4.82 and has an implied volatility of 155.67% for this period. Based on an analysis of the options available for DIDI expiring on 11-Feb-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $2.95-$4.82 at expiration. In this scenario, the average linear return for the trade would be 38.44%.

52 week low: DIDI GLOBAL INC recently reached a new 52-week low at $4.73. DIDI had traded in the range $4.74-$18.01 over the past year.

Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if DIDI maintains its current direction and does not revert back to pricing on the bullish side of $4.82 on 11-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 DIDI GLOBAL INC closes at or below $4.87 on 11-Feb-2022. Based on our risk-neutral analysis, there is a 50.84% 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.

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