Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for JUMIA TECHNOLOGIES AG (JMIA) for the 18-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. JMIA was recently trading at $12.54 and has an implied volatility of 88.18% for this period. Based on an analysis of the options available for JMIA expiring on 18-Feb-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $8.27-$12.54 at expiration. In this scenario, the average linear return for the trade would be 152.48%. Big -8.06% Change: After closing the last trading session at $13.64, JUMIA TECHNOLOGIES AG opened today at $12.97 and has reached a low of $12.45. Trade approach: A movement as big as -8.06% is a significantly bearish indicator, so this trade is designed to be profitable if JMIA maintains its current direction and does not revert back to pricing on the bullish side of $12.54 on 18-Feb-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 JUMIA TECHNOLOGIES AG closes at or below $18.49 on 18-Feb-2022. Based on our risk-neutral analysis, there is a 82.44% 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.