Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for GENASYS INC (GNSS) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GNSS was recently trading at $6.75 and has an implied volatility of 84.43% for this period. Based on an analysis of the options available for GNSS expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $6.75-$8.54 at expiration. In this scenario, the average linear return for the trade would be 11.64%. 52 week high: GENASYS INC recently reached a new 52-week high at $6.82. GNSS had traded in the range $2.01-$6.70 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if GNSS maintains its current direction and does not revert back to pricing on the bearish side of $6.75 on 20-Nov-2020. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if GENASYS INC closes at or above $6.54 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 55.36% 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.