Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for MESOBLAST LIMITED AMERICAN DEPOSITARY SHARES (MESO) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MESO was recently trading at $7.42 and has an implied volatility of 82.75% for this period. Based on an analysis of the options available for MESO expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.99-$7.42 at expiration. In this scenario, the average linear return for the trade would be 15.97%. Big -8.62% Change: After closing the last trading session at $8.12, MESOBLAST LIMITED AMERICAN DEPOSITARY SHARES opened today at $7.79 and has reached a low of $7.31. Trade approach: A movement as big as -8.62% is a significantly bearish indicator, so this trade is designed to be profitable if MESO maintains its current direction and does not revert back to pricing on the bullish side of $7.42 on 21-May-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 MESOBLAST LIMITED AMERICAN DEPOSITARY SHARES closes at or below $8.00 on 21-May-2021. Based on our risk-neutral analysis, there is a 63.74% 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.