Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for NUVEI CORPORATION SUBORDINATE VOTING SHARES (NVEI) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NVEI was recently trading at $59.80 and has an implied volatility of 138.23% for this period. Based on an analysis of the options available for NVEI expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $36.96-$59.81 at expiration. In this scenario, the average linear return for the trade would be 221.92%. 52 week low: NUVEI CORPORATION SUBORDINATE VOTING SHARES recently reached a new 52-week low at $43.10. NVEI had traded in the range $46.69-$140.23 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 NVEI maintains its current direction and does not revert back to pricing on the bullish side of $59.80 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 NUVEI CORPORATION SUBORDINATE VOTING SHARES closes at or below $88.24 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 79.05% 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.