Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for MICROSTRATEGY (MSTR) for the 23-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MSTR was recently trading at $517.38 and has an implied volatility of 92.14% for this period. Based on an analysis of the options available for MSTR expiring on 23-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $394.90-$517.42 at expiration. In this scenario, the average linear return for the trade would be 58.47%. Big -11.36% Change: After closing the last trading session at $583.67, MICROSTRATEGY opened today at $535.01 and has reached a low of $515.00. Trade approach: A movement as big as -11.36% is a significantly bearish indicator, so this trade is designed to be profitable if MSTR maintains its current direction and does not revert back to pricing on the bullish side of $517.38 on 23-Jul-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 MICROSTRATEGY closes at or below $772.24 on 23-Jul-2021. Based on our risk-neutral analysis, there is a 93.08% 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.