Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for JMU LIMITED (MFH) for the 19-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MFH was recently trading at $3.05 and has an implied volatility of 158.60% for this period. Based on an analysis of the options available for MFH expiring on 19-Nov-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $1.95-$3.05 at expiration. In this scenario, the average linear return for the trade would be 43.04%. Big -8.96% Change: After closing the last trading session at $3.35, JMU LIMITED opened today at $3.29 and has reached a low of $3.02. Trade approach: A movement as big as -8.96% is a significantly bearish indicator, so this trade is designed to be profitable if MFH maintains its current direction and does not revert back to pricing on the bullish side of $3.05 on 19-Nov-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 JMU LIMITED closes at or below $3.22 on 19-Nov-2021. Based on our risk-neutral analysis, there is a 54.80% 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.