Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for INTEVAC (IVAC) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. IVAC was recently trading at $5.16 and has an implied volatility of 58.66% for this period. Based on an analysis of the options available for IVAC expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $3.92-$5.16 at expiration. In this scenario, the average linear return for the trade would be 21.80%. Big -7.86% Change: After closing the last trading session at $5.60, INTEVAC opened today at $5.32 and has reached a low of $5.16. Trade approach: A movement as big as -7.86% is a significantly bearish indicator, so this trade is designed to be profitable if IVAC maintains its current direction and does not revert back to pricing on the bullish side of $5.16 on 15-Jan-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 INTEVAC closes at or below $5.50 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 59.12% 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.